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  2. 2023–2024 Egyptian financial crisis - Wikipedia

    en.wikipedia.org/wiki/2023–2024_Egyptian...

    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 ...

  3. Egyptian pound - Wikipedia

    en.wikipedia.org/wiki/Egyptian_pound

    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 ...

  4. Egyptian Exchange - Wikipedia

    en.wikipedia.org/wiki/Egyptian_Exchange

    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

  5. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    The future exchange rate is reflected into the forward exchange rate stated today. In our example, the forward exchange rate of the dollar is said to be at a discount because it buys fewer Japanese yen in the forward rate than it does in the spot rate. The yen is said to be at a premium. UIRP showed no proof of working after the 1990s.

  6. Purchasing power parity - Wikipedia

    en.wikipedia.org/wiki/Purchasing_power_parity

    PPP exchange rates are especially useful when official exchange rates are artificially manipulated by governments. Countries with strong government control of the economy sometimes enforce official exchange rates that make their own currency artificially strong. By contrast, the currency's black market exchange rate is artificially weak.

  7. Foreign exchange market - Wikipedia

    en.wikipedia.org/wiki/Foreign_exchange_market

    The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).

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  9. Central Bank of Egypt - Wikipedia

    en.wikipedia.org/wiki/Central_Bank_of_Egypt

    In 1836, the Egyptian pound was first introduced and it became open for public use. [4] The bank floated the Egyptian pound during the morning of the 13th of November 2016. [5] [6] Financial reserves of the Egyptian pound stood at 2.24 trillion in December 2024. [7]