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“Floating the currency” is a phrase used by many but understood by few. Essentially, it means the government is no longer controlling the value of the Egyptian pound compared to other currencies.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Welcome to the Egyptian Pound exchange rate & live currency converter page ... top 5 best UK travel money rates, historical exchange rates and historical charts.

The polymer banknotes are the latest series issued by the CBE, expanding its long-standing role in banknote issuance, a ...

Request a quote today! Below we show the top 10 most popular currency conversions for sending money abroad... Sending Australian Dollars to Egypt AUD EGP 32.5341 Australian Dollars to Egyptian ...

Egypt's central bank floated the pound on Thursday in an attempt to stabilize its economy, which has been hampered by a shortage of dollars. The currency was initially devalued by 32.3% to about ...

Egypt’s currency plunged the most since last year’s devaluation to hit a record low after US President Donald Trump’s tariffs roiled global markets. The pound fell more than 2% on the ...

Egypt had been using foreign assets, which include those assets at both the central bank and commercial banks, to help to prop up its currency since as long ago as September 2021. Net foreign ...

The Central Bank of Egypt (CBE) announced on Thursday the ... set-up in March 2018 to promote safe and efficient local currency money markets. CONIA reflects rates on interbank transactions ...