Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Putin approvesexperts for talks with Ukraine: Kremlin
Russian Deputy FM Galuzin, Head of General Staff Kostyukov, Deputy Defense Minister Fomin will participate in Istanbul talks: Kremlin
Russian presidential aide Medinsky will lead Russia delegatioon at Ukraine talks: Kremlin
Putin approves composition of Russian delegation for negotiations with Ukraine: Kremlin
Abu Obeida posts on X, commenting on the West Bank operation amid Israeli rumors that he was assassinated
Israeli media: An Israeli settler was killed and two others were injured in the shooting near Salfit
Israeli emergency service: The shooting near Salfit resulted in two injuries, one in extremely critical condition and the other in serious condition
Palestinian sources: Two Israelis were injured in a shooting operation near Nablus in the northern West Bank
Ukrainian President Volodymyr Zelensky: I am waiting to see who will arrive from Russia. Then I will decide what steps Ukraine should take
Ukrainian President Volodymyr Zelensky: Ukraine ready for any format of negotiations to end war with Russia

Egypt currency hits near-record low: Central Bank

  • By Al Mayadeen English
  • Source: Agencies
  • 29 Sep 2022 21:11
2 Min Read

The exchange rate reached 19.6 pounds per dollar as trading ended.

  • x
  • A man walks past a currency exchange shop displaying a giant US dollars banknote in downtown Cairo.( AFP)
    A man walks past a currency exchange shop displaying a giant US dollars banknote in downtown Cairo.( AFP)

The Egyptian pound fell to a record low against the US dollar on Thursday, trading at 19.6 pounds per dollar, as per data from the country's central bank.

The exchange rate reached 19.6 pounds per dollar as trading ended, while the selling rate was 19.49 pounds per dollar. The euro traded at around 19.05 pounds when buying and 18.94 pounds when selling, the bank's data showed.

Related News

Bitcoin falls 17.5% in biggest monthly loss since 2022

The previous record was set in December 2016 at 19.56 pounds per dollar.

A look back

Egypt's Central Bank raised the key rate for the first time since 2020 in March, to 9.75%, and then to 11.75% in May, causing the Egyptian currency to fall against the dollar. Since March, the pound exchange rate has fallen by 25%.

It is worth noting that Egypt reportedly requested assistance from the International Monetary Fund in late March in order to implement a comprehensive economic program in the country.

Egyptian Finance Minister Mohamed Maait stated in August that a total of $22 billion in investments had fled Egypt, complicating debt servicing and further plunging the country into an economic crisis.

  • Egypt
  • exchange rate
  • trading
  • Dollar
  • IMF

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025
President Donald Trump, left, greets Israeli Prime Minister Benjamin Netanyahu at the White House, Monday, April 7, 2025, in Washington (AP)

US pressures 'Israel' for Gaza deal; Witkoff's Israeli rebuke leaked

  • US & Canada
  • 9 May 2025
Israeli troops move with APC, armored personnel carrier near the border with Gaza, in southern Occupied Palestine, Thursday, May 8, 2025 (AP)

'Gideon's Chariots' operation in Gaza is doomed to fail: Haaretz

  • Palestine
  • 9 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
A Fly Dubai plane is parked on the tarmac at Ben Gurion International Airport in the Occupied Palestinian Territories, Sunday, Nov. 10, 2024 (AP)
Economy

Israeli tourism suffers $3bln loss amid 'unprecedented' crisis

Israeli Prime Minister Benjamin Netanyahu speaks during an annual ceremony in al-Quds, Occupied Palestine, April 29, 2025 (AP)
Politics

Netanyahu refuses to budge, captive talks stall: Israeli officials

Susan Sarandon joins hundreds urging BBC to release delayed Gaza film
Europe

Susan Sarandon joins call for BBC to air documentary on Gaza medics

In this photo released by the Saudi Royal Palace, Syria's interim President Ahmad al-Sharaa, left, shakes hands with President Donald Trump, centre, in Riyadh, Saudi Arabia, Wednesday, May 14, 2025 (AP)
Politics

Trump worries 'Israel' with Syria sanctions lift: The Times

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS