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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 ...
The currency reached 49.16 to the U.S. dollar Tuesday, the Central Bank of Egypt posted on its website. In June and July, the Egyptian pound ranged between 47 and 48 to the dollar after it floated ...
The three credit rating agencies that monitor Egypt's sovereign debt have all downgraded their ratings during the crisis, and their outlook for future rating changes became negative. [10] [37] [38] On October 21, 2023, S&P Global Ratings downgraded Egypt's foreign and local currency sovereign rating to “B-” from “B” with a stable ...
Hence the Egyptian and Turkish units split from each other in value, with the Egyptian unit continuing its exchange value of 97.5 piastres to the pound sterling. In 1885, Egypt went into a purely gold standard, and the Egyptian pound unit, known as the juneih, was introduced at E£1 = 7.4375
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Al Qahera Al Youm (Arabic: القاهرة اليوم, English: Cairo Today) is an Egyptian live television talk show that broadcasts nearly throughout the year from the 6th of October studios located in Cairo. Al Qahera Al-Youm is one of the most popular and influential shows in the Middle East with millions of viewers world wide. [1]
Since the trading of gold and silver coins in Egypt and until 1834, there was no one unit of currency to unify the country. In 1834, a decree was realised stating the forging of an Egyptian currency based on the two metals (gold and silver). In accordance with said decree, the minting of a currency in the shape of gold and silver Riyals began.
Talks on a truce in the Gaza conflict are making progress in Cairo and all parties have agreed on basic points, Egypt's Al-Qahera News state-affiliated TV channel said early on Monday, citing a ...