Egyptian pound news

Here are some recent news articles and updates about the Egyptian pound (EGP):

Currency News

• The Egyptian pound has been experiencing a period of stability in recent months, with the exchange rate against the US dollar remaining relatively steady around 15.5-16.0 EGP/USD. (Source: Bloomberg)
• The Central Bank of Egypt (CBE) has maintained its key interest rates unchanged, including the overnight deposit rate, at 15.5% and the overnight lending rate at 16.5%. (Source: Reuters)
• The CBE has also kept the reserve requirement ratio for banks at 14%, and the minimum required reserve ratio for banks at 10%. (Source: Ahram Online)

Economic News

• Egypt's economy is expected to grow by 5.5% in the fiscal year 2022/2023, driven by a recovery in tourism and a boost in foreign investment. (Source: Reuters)
• The country's inflation rate has been declining, with the annual inflation rate falling to 3.6% in June 2022, from 4.4% in May. (Source: Ahram Online)
• Egypt has signed a $1.5 billion loan agreement with the International Monetary Fund (IMF) to support its economic reform program. (Source: Bloomberg)

Currency Market

• The Egyptian pound has been strengthening against the US dollar in recent weeks, with the exchange rate reaching a high of 15.45 EGP/USD on July 22. (Source: Bloomberg)
• The pound has also been gaining against other major currencies, including the euro and the British pound. (Source: Ahram Online)
• The CBE has been intervening in the foreign exchange market to stabilize the pound and maintain a stable exchange rate. (Source: Reuters)

Other News

• The Egyptian government has announced plans to introduce a new electronic payment system to reduce cash transactions and increase the use of digital payments. (Source: Ahram Online)
• The country has also launched a new initiative to promote tourism, including a campaign to attract more visitors from the Middle East and Africa. (Source: Reuters)

I hope this information is helpful!