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According to the World Bank, Egypt ranked first among the countries most affected by food price inflation at the end of 2023, and witnessed successive increases in general inflation indicators, especially in food prices, due to the successive devaluation of the Egyptian pound against the dollar since 2016 and the increase in the food import ...
Egypt's foreign exchange reserves fell from US$36 billion in December 2010 to only US$16.3 billion in January 2012 as a result of propping up the Egyptian pound against the dollar. Concerns about social unrest and the country's ability to meet its financial targets provoked credit rating agencies to lower the country's credit rating on several ...
Egyptian Exchange البورصة المصرية (Egyptian Arabic) Type: Stock exchange: Location: Cairo, Egypt: Founded: 1883: Key people: Rami El-Dokany (Chairman) Currency: Egyptian pound: No. of listings: 266 [1] Market cap: US$37.5 billion (E£1.8 trillion) [1] Volume: E£2.9 billion [1] Indices: EGX 30 EGX 50 EGX 70 EGX 100: Website: egx.com
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound was also used in Anglo-Egyptian Sudan between 1899 and 1956, and Cyrenaica when it was under British occupation and later an ...
When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar.
This bottle costs $2,500, but tequila fanatics would say it's worth the hefty price. It is the only commercial tequila that is aged for 10 years. Each bottle comes along with a special, ebonized ...
Fluctuations in commodity prices, interest rates, and international trade dynamics can affect reserves. High reserves provide a buffer against external shocks and ensure economic stability. [208] Reserves help the RBI manage the exchange rate of the Indian rupee.
However, excluding the pegged (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket. Dependencies and unrecognized states are listed here only if another currency is used on their territory that is different from the one of the state that administers them or has jurisdiction over them.