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The Egyptian pound ( Egyptian Arabic: جنيه مصرى [ɡeˈneː ˈmɑsˤri, ˈɡeni-]; abbreviations: £, [3] [4] E£, [5] £E, [6] LE, [7] or EGP in Latin, and ج.م. in Arabic, ISO code: EGP) is the official currency of Egypt. It is divided into 100 piastres, or qirsh ( قرش [ʔerʃ]; plural قروش [ʔʊˈruːʃ]; [8] abbreviation: PT ...
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents, on the purchase/sale of local currency by nonresidents, or the transfers of any currency across national borders. These controls allow countries to better manage their economies by controlling the inflow and ...
The Egyptian stock exchange plummeted 6.25% following the beginning of the Egyptian revolution of 2011 on the 25th of January. It closed at the end of trading on 27th of January after the benchmark EGX 30 Index (EGX30) plunged 16 percent that week amid the uprising. The exchange reopened on the 23rd of March after being closed for almost 8 weeks.
Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the U.S. dollar, the new central bank governor said on Sunday. Hassan ...
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 by a ...
Most of the funds — 5 billion euros ($5.4 billion) — are macro-financial assistance to help Egypt shore up its economy, which is hit by a staggering shortage of foreign currency and soaring ...
These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g., the U.S. dollar, the euro, the pound sterling, the Japanese yen, the Indian rupee, and the Swiss franc) and which are used to back its liabilities (e.g., the local currency issued and the ...
The Egyptian Financial Supervisory Authority ( EFSA, Egyptian Arabic: الهيئه العامه للرقابه الماليه) is a financial regulatory authority that regulates the financial service industry in Egypt. It is an Egyptian Government integrated agency that supervises all non-banking financial transactions and markets including ...