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The Egyptian Pound

Real estate sector improves attractiveness to foreign investors | Savills

Egypt’s real estate sector grows increasingly attractive and affordable for foreign investors, in terms of USD, according to a recent report by Savills Egypt

CBE’s Monetary Policy Committee keeps key interest rates

Egypt’s real economic activity growth slowed to 3.9% in Q4 2022, compared to 4.4% in Q3 2022, explained the CBE’s report

Net international reserves climbs to $34.224B in Jan 2023 | CBE

Between September – December 2022, cash reserves saw a total increase of $860 million

Egypt’s net foreign assets improved by EGP 47.28B in Dec. 2022 | CBE

NFAs improved to minus EGP 494.3 billion from November 2022’s minus EGP 541.5 billion, up around $2.06 billion

Russia sets EGP against the ruble as part of currency list expansion

With yesterday’s announcement, the Ruble now exchanges against a total number of 43 currencies