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Egyptian pound

Egypt's President Abdel-Fatteh el-Sissi delivers a speech during the World Economic Forum (WEF) annual meeting in Davos on January 21, 2026. (Fabrice COFFRINI / AFP)
March 6, 2026, 12:28 am
Sissi says Egypt in ‘state of near-emergency’ as Iran war threatens economy
Egyptian president warns price-gougers could be tried ‘in military courts,’ as shipping companies, seeking to avoid Strait of Hormuz near Iran, no longer pass through Suez Canal either
By AFP
Egyptians walk past an exchange office in Cairo, Egypt, March 6, 2024 (AP Photo/Amr Nabil)
March 6, 2024, 2:44 pm
Cash-strapped Egypt allows currency to fall against dollar, hikes interest rates
Cairo’s central bank takes measures intended to combat inflation as country sees foreign currency shortages, takes hit from Israel-Hamas and Ukraine wars
By Samy Magdy
A man buys food at a restaurant in Cairo, Egypt, March 22, 2022. (AP Photo/Amr Nabil, File)
January 10, 2023, 1:33 pm
Inflation in Egypt continues to skyrocket, leaving citizens struggling to buy basics
Statistics bureau shows annual inflation at 21.9% last month, up from 19.2% in November, with fruits and dairy products seeing highest spikes among food items
By Samy Magdy
Illustrative: A man buys food at a popular restaurant in Cairo, Egypt, March 22, 2022. (AP/Amr Nabil)
August 1, 2022, 4:45 pm
Egyptian pound crashes to near all-time low as inflation soars
Central bank buying 1 dollar for 19 pounds, in a country where almost one-third of the population lives below the official poverty line
By AFP
In this June 29, 2017, file photo, taxi drivers chat as they refuel their vehicles at a gas station in Cairo, Egypt. (AP Photo/Amr Nabil, File)
June 16, 2018, 1:07 pm
Risking protests, Egypt raises price of fuel as part of austerity measures
Recent tough actions by Sissi have won praise from economists and business leaders but have come as a heavy blow to poor and middle-class Egyptians
By Samy Magdy
People ride a train at a metro station in the Egyptian capital, Cairo, on May 28, 2018. (KHALED DESOUKI/AFP)
June 6, 2018, 8:51 am
Egyptians suffer austerity squeeze as economy stabilizes
A hike in public transport fares already brought street protests, and now the cost of drinking water and energy is set to rise
By Mona Salem
An Egyptian man walks past a poster showing a US dollar outside an exchange office in Cairo, Egypt, November 3, 2016. (AP Photo/Amr Nabil)
November 8, 2016, 12:01 am
Amid anger, Egypt PM defends painful economic measures
Prices of basic food products and fuel skyrocket in wake of decision to devalue the national currency and then float it
By MAGGIE MICHAEL
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