Economic data

CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar

Egypt Independent23 October 2026, 13:18 UTCEgypt

Central Bank of Egypt (CBE) Governor Hassan Abdalla reaffirmed the bank’s commitment to a flexible exchange rate policy in his first comments following the Egyptian pound reaching a historic low against the US dollar. The Egyptian pound closed at 55.35 per dollar in commercial bank trading on Thursday, a record low that surpassed the previous … The post CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar appeared first on Egypt Independent.

Read the full story at Egypt Independent Open in the live monitor

Related discussion groups

No group discusses this yet. Start a discussion group and attach this story.

More news about Egypt

Το EFA GROUP εγκαινιάζει το Κτήριο Delta στο Alexandria Tech Campusiefimerida23 October 2026, 14:05 UTCEgyptΟ αμυντικός όμιλος τεχνολογιών διττής χρήσης EFA GROUP εγκαινίασε στις 21 Οκτωβρίου 2026 το Κτήριο Delta, τη νέα εγκατάσταση του Alexandria Tech Campus στο Νέο Ψυχικό. Το νέο κτήριο στεγάζει τα γρα...
Mo Salah achieves milestone for Trabzonspor unattained in 13 years in European competitionsEgypt Independent23 October 2026, 13:27 UTCEgyptHeat zonesEgyptian international Mohamed Salah maintained his fine form for Trabzonspor, converting a penalty against Scottish side Hearts in the UEFA Conference League. The goal marked his 10th in all compe...
Madbouly outlines 3 energy scenarios amid surging global oil pricesEgypt Independent23 October 2026, 13:14 UTCEgyptGovernment leadersMostafa Madbouly, Prime Minister, clarified the reality of statements attributed to him regarding power cuts, affirming that circulating reports claiming the announcement of power load shedding for...
Το EFA GROUP εγκαινιάζει το Κτήριο Delta στο Alexandria Tech CampusTa Nea23 October 2026, 13:13 UTCEgyptΈνας νέος κόμβος τεχνητής νοημοσύνης, τεχνολογίας, γνώσης και επιχειρηματικότητας
Το EFA GROUP εγκαινιάζει το Κτήριο Delta στο Alexandria Tech Campusin.gr23 October 2026, 13:12 UTCEgyptΈνας νέος κόμβος τεχνητής νοημοσύνης, τεχνολογίας, γνώσης και επιχειρηματικότητας The post Το EFA GROUP εγκαινιάζε...
Showjumping leaps forward with Global Champions Tour at Giza PyramidsThe National23 October 2026, 13:06 UTCEgypt
Why did the Netherlands close its embassy in Cairo?Egypt Independent23 October 2026, 12:31 UTCEgyptProtestsThe Dutch Embassy in Cairo announced on Thursday, the closure of its building to the public until further notice, in a step it described as a precautionary measure following demonstrations taking p...
Museum Hides Egyptian Mummies For Ridiculous Reason...ZeroHedge23 October 2026, 12:20 UTCEgyptMuseum Hides Egyptian Mummies For Ridiculous Reason... Authored by Steve Watson via Modernity.news, A Glasgow museum has pulled Egyptian mummies and other human remains from public view because the...

More on Economic data

US Consumer Sentiment Slips to Five-Month Low on Inflation WoesBloomberg Markets23 October 2026, 14:00 UTCUnited States of AmericaEconomic dataUS consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale.
The Hidden $40-Per-Barrel Cost Driving Oil Prices HigherOilPrice.com23 October 2026, 14:00 UTCUnited States of AmericaEconomic dataWhen Americans think about the price of oil, they usually focus on the number quoted every day in financial markets. If Brent crude is trading above $100 a barrel or West Texas Intermediate is near...
Canadian Dollar extends winning streak as Fed-BoC policy divergence comes into focusFXStreet23 October 2026, 13:42 UTCCanadaEconomic dataUSD/CAD slips below 1.4000 to its lowest level in a month on Friday, extending its losing streak to seven consecutive days as traders expect the Federal Reserve (Fed) and the Bank of Canada (BoC) t...
Canada retail sales come in slightly softer than expectationsFinancial Post23 October 2026, 13:35 UTCCanadaEconomic dataAuto and parts sales led the increase
LIVE | Dow Jones verilest 550 punten bij vrees meer inflatie, Shell winnaar in rode AEXDe Telegraaf23 October 2026, 13:31 UTCUnited States of AmericaEconomic dataDe Dow Jones is met ruim 550 punten verlies begonnen in New York. Onder fondsen grote uitschieters: omhoog en omlaag. De verder gestegen olieprijs wakkert zorgen over meer inflatie aan. Chipfondsen...
What Indonesia’s warnings of energy cuts mean for AseanSouth China Morning Post23 October 2026, 13:22 UTCIndonesiaEconomic dataIndonesia’s warnings of curbing energy exports to countries it deems disrespectful amid regional tensions have put Singapore and other Southeast Asian buyers on notice, exposing the risks of relyin...