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FinancialNews


  • 22-07-19

    Egyptian currency exchange rate jumps 6.5 percent

    (MENAFN) According to the media center of the Egyptian cabinet, the country enjoyed an optimistic outlook in its pound as it achieved the second most excellent performance against the U.S. dollar this year.

    Egypt's pound performance witnessed greater potential in comparison to other emerging markets from January to June this year, as the Egyptian cabinet affirmed.

    Marking the second best performance, the Egyptian local currency saw a 6.5 percent boost in its exchange rate against the U.S. dollar.

    The Egyptian pound solid performance was behind the Russian ruble, recording a 9.5 percent surge against the dollar.

    MENAFN2207201900450000ID1098786204

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