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CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit ...

Economists and bankers have welcomed the Central Bank of Egypt's decision to adopt a more flexible exchange rate policy after a sharp devaluation of the Egyptian Pound as much-needed measures to ...

Arab Finance: The exchange rate between the US dollar and the Egyptian pound is stable on Wednesday, hitting EGP 48.09 for buying and EGP 48.19 for selling at Banque Misr and the National Bank of ...

Investors have pressed the International Monetary Fund for details about the Egyptian pound’s steady performance despite authorities’ commitment to a flexible exchange rate, according to people ...

Even in a year of outsize currency moves, the Egyptian pound is having an especially rough ride. The Egyptian pound tumbled against the dollar Thursday after the country's central bank said it was ...

CAIRO, June 11 (Reuters) - The gap between the Egyptian pound's official and unofficial exchange rates widened on Wednesday, with the pound slipping against the dollar in the black market and ...

CAIRO (Reuters) - Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use before the 2011 uprising sent foreign investors and tourists packing ...

Egypt’s improved competitiveness after the Nov. 3 floating of the currency is unlikely to be negatively affected by an expected appreciation of the pound’s real effective exchange rate in the short ...