GRANITE Financial Holding, a digitally enabled asset management company, has received approval from the Financial Regulatory Authority (FRA) to launch its multi-currency fixed-income fund.

The US dollar traded at EGP 48.54 for buying and EGP 48.64 for selling at the National Bank of Egypt (NBE) and Banque Misr on Tuesday.

The USD registered EGP 48.45 for buying and EGP 48.55 for selling at Banque Misr and the National Bank of Egypt (NBE) on Thursday.

The Egyptian pound (EGP) witnessed the strongest rise against the dollar in 2025, with the exchange rate hitting EGP 48.28 for buying and EGP 48.38 for selling at the Commercial International Bank Egypt (CIB).

The US dollar rate against the Egyptian pound recorded EGP 50.54 for buying and EGP 50.64 for selling at the National Bank of Egypt (NBE)

The Egyptian pound has extended its decline against the US dollar on December 23rd, hitting a new record low.

The Egyptian pound has fallen to its lowest value against the USD since its devaluation in March.

Goldman Sachs Group anticipates a rebound in the Egyptian pound in early 2025, following its sharp decline to a record low of EGP 50.8 against the USD in the offshore market this week.

The Egyptian pound continued its downward trajectory against the US dollar, reaching a new record low as pressures on the local currency persist amid ongoing economic challenges.

The Egyptian pound has dropped to its lowest level ever against the USD since the March devaluation.

The Egyptian pound has fallen to its lowest value against the USD since its devaluation in March..

Prime Minister Mostafa Madbouly announced that the Egyptian pound could see a fluctuation of 4% or 5% in the near future.

The Egyptian government is targeting to issue EGP 2 coins within the fiscal year (FY) 2024/2025 to facilitate coin circulation.

The Egyptian Ministry of Finance is considering issuing green bonds and sukuk in Egyptian pound in the local market to fund the overall budget deficit.

The Egyptian pound has seen a slight adjustment in its value against the US dollar on August 6th, as compared to August 5th’s rates at banks.

The Egyptian pound has tumbled against the US dollar at local banks’ trading on August 5th.

The Egyptian Ministry of Electricity and Renewable Energy's dues to all government sectors rose by 14% in the two-month ended May to EGP 114 billion.

The Egyptian pound has slumped against the US dollar, recording EGP 48.36 for buying and EGP 48.46 for selling in trading at the Commercial International Bank (CIB) of Egypt.

Egypt and the New Development Bank (NDB) have probed issuing EGP-denominated bonds.

The International Monetary Fund (IMF) released a staff country report on April 26th on its first and second reviews of Egypt's Extended Fund Facility (EFF) arrangement.