Sunday 20 April 2014
 
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Egypt's pound strengthens at cbank currency sale

Egypt's pound edged stronger at a central bank foreign currency sale on Monday. The central bank sold $38.8 million with a cut-off price of 6.8800 Egyptian pounds per dollar versus 6.8802 pounds at its last sale on October 10,

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Egypt pound strengthens on $1.3bn currency sale

The Egyptian pound jumped 1.2 percent on Wednesday at a $1.3-billion foreign currency sale - its biggest ever - as the central bank gambled a large chunk of its reserves to show that Egypt's economic turbulence was coming to an end.

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Egypt pound drops as Friday protests loom

The Egyptian pound weakened on the black market ahead of planned Friday protests in support of ousted President Mohamed Mursi, hurt by fears of more deadly clashes with police, traders said. But the pound strengthened marginally a

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Egypt pound strengthens at cbank sale

The Egyptian pound strengthened at a central bank sale of foreign exchange on Wednesday, for the third time since the military removed Islamist President Mohamed Mursi from power one week ago.   The central bank

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Egypt's fiscal status may be worse than estimated

Egypt's crumbling public finances may be in even worse shape than previously estimated. While stock and bond markets have cheered the ouster of unpopular President Mohamed Mursi by the army and Egypt's debt insurance costs

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Egypt pound will not collapse says key official

  The Egyptian pound will not collapse and its incremental depreciation has stabilised, a senior aide to Islamist President Mohamed Mursi said.   Essam Haddad,

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Egypt pound hits record low after forex auction

  Egypt's pound weakened to a record low against the dollar in interbank trade after a foreign currency sale on Thursday, but trading volumes were low as authorities reduced the flow of dollars

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Egypt pound hits new low against dollar

The Egyptian pound weakened to a new record low against the US dollar on Thursday, extending its losses to 6.4 percent since the central bank introduced a new system of foreign currency auctions to curb a decline in foreign reserves.

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Egypt pound continues fall at dollar auction

The Egyptian pound weakened at a central bank auction of dollars on Thursday, the eighth such sale since it introduced a new regime to reduce pressure on its currency. The bank said the cut-off price at the auction was 6.5099 poun

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Egyptian pound hits record low against dollar

The Egyptian pound fell to a new record low against the US dollar on Tuesday, extending its decline to 4.6 per cent since December 30 when the central bank began a new system of auctions to contain a currency crisis. Hit by politi

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