Egypt, World Bank evaluate 'Managing Air Pollution, Climate Change in Greater Cairo' project    Egypt's international reserves climb to $41.057bn in April 2024    UBS job cuts to start late '24 – CEO    Russian court seizes $13m from JPMorgan, Commerzbank    Germany's March '24 manufacturing orders dip 0.4%    Aramco's net income falls 14.4% in Q1 '24 – report    Amazon to invest $8.88b into Singapore cloud infrastructure    Egypt leads MENA surge as Bitget Wallet sees 300% growth    Health Ministry on high alert during Easter celebrations    Egypt's Communications Ministry, Xceed partner on AI call centre tool    Egypt warns of Israeli military operation in Rafah    US academic groups decry police force in campus protest crackdowns    US Military Official Discusses Gaza Aid Challenges: Why Airdrops Aren't Enough    US Embassy in Cairo announces Egyptian-American musical fusion tour    Chubb prepares $350M payout for state of Maryland over bridge collapse    Egypt, France emphasize ceasefire in Gaza, two-state solution    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian pound declines to lowest level in 7 years
AHMED YAQOUB NOURHAN MAGDI Published in Youm7 on 29 - 11 - 2011

CAIRO: The purchace price of the Egyptian pound has fallen to its lowest level in seven years, reaching 6.0036 EGP to $1 USD today, Tuesday Nov. 29.
Some traders said the Central Bank of Egypt spent about $2 billion of its foreign reserves in October. The Egyptian pound recorded its highest price in January 2005, according to Reuters.
The report by The Central Bank of Egypt, released yesterday, mentioned that the average exchange rate of the U.S. dollar to the Egyptian Pound rose. One U.S. dollar could be sold at 6.0345 EGP and could buy 5.9900 EGP.
One Euro could purchase 8.0080 and could buy 8.0682 EGP.
One British Pound could purchase 9.3288 EGP and 9.3994 EGP could buy a British Pound.
The Swiss Franc could purchase 6.5080 EGP and 6.5600 EGP could buy a Franc.
100 Japanese yen could purchase 7.7081 EGP and 7.7665 EGP could buy 100 yen.
The Chinese Yuan could buy 0.9380 EGP and 0.9453 EGP could buy a Yuan.
A Saudi Arabian Riyal could buy 1.5971 EGP and 1.6092 EGP could buy a Riyal.
The Kuwaiti Dinar could buy 21.6167 EGP and 21.7972 EGP could buy a Dinar.
The UAE Dirham could buy 1.6306 EGP and 1.6431 EGP could buy a Dirham.

Clic here to read the story from its source.