CAIRO (AP) — 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 ...

The North African country is under pressure to stick to the terms of a $3bn, 46-month financial support package signed in December with the IMF, which included a commitment to shift to a flexible ...

Egypt's pound hit nearly 54 per dollar in March 2026 as oil prices surged. Crypto interest grows despite bans, while the ...

(Bloomberg) -- Egypt is mired in a grueling economic crisis that’s left its 105 million-plus people gripped by uncertainty, but one thing seems all but assured: another currency devaluation is likely ...

Egypt’s pound has emerged as the world’s best-performing currency after a sharp decline in global oil prices eased pressure ...

President Abdel Fattah El-Sisi has ruled out another devaluation of the Egyptian pound despite the central bank’s commitment to introduce a “durably flexible exchange rate regime” as part of the IMF ...

George Soros famously earned $1 billion betting against the British pound in the early 1990s, predicting that the English central bank would devalue its money compared to other European currencies.

The Arab Republic of Egypt has successfully issued JPY 80 billion (approximately USD 500 million) in sustainability samurai bonds, supported by a partial credit guarantee from the African Development ...

CAIRO, Feb 3 (Reuters) - Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange - but in back alleys and money changing shops around the ...