A strong currency is one that trades where the world believes it should and stays there not by decree but by design.

Along with record inflation and a sharp weakening of the currency, the outages have become a potent symptom of the worst economic crisis to hit Egypt since Sisi took power in 2014 on promises of ...

Egypt's currency weakened to 18.71 to the U.S. dollar on Wednesday, a five-year low, before strengthening again, Refinitiv Data showed. CAIRO, June 8 (Reuters) - Egypt's currency weakened to 18.71 ...

CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an ...

On March 6, Egypt’s central bank announced the adoption of a market-based exchange rate after nearly a year of defending an over-valued local currency, which inadvertently invigorated a parallel ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

Egypt has decided to float its currency and has agreed with the International Monetary Fund (IMF) to increase its bailout loan to $8 billion (£6.8 billion). This move is aimed at strengthening an ...