Egypt Currency Devaluation 2025. Egyptian Pound 19922021 Data 20222023 Forecast Quote Chart Historical By the end of the year, the currency is forecast to settle around EGP 52.5 per dollar. The Egyptian pound is expected to continue fluctuating throughout 2025, according to a recent report from BMI, the research arm of Fitch Solutions, with projections indicating that it will trade between EGP 50-55 against the USD
Currency crisis brews as Egypt floats pound against dollar from www.newarab.com
The currency fell to EGP 50.8 against the USD on the offshore market Thursday, the latest in an almost uninterrupted six-week streak of declines This outlook, which has been active since March 2024, underscores the country's potential for progress in reducing its debt service burden and improving its external financial position.
Currency crisis brews as Egypt floats pound against dollar
The currency fell to EGP 50.8 against the USD on the offshore market Thursday, the latest in an almost uninterrupted six-week streak of declines Funds from the $3 billion December 2022 IMF loan package were never disbursed because the central bank never transitioned the pound from a fixed to a floating exchange rate as stipulated. Analysts forecast that the CBE will start its monetary policy easing cycle in 2025 as inflation will trend further down, from 29.0% in 2024 to 11.8% in 2025, ending the year around.
The EGP Devaluation A new beginning. In addition, the IMF Executive Board approved the authorities' request for an arrangement under the Resilience and Sustainability Facility (RSF), with access of about US$1.3 billion (SDR 1 billion) With Cairo embarking on its fourth currency devaluation since early 2022, what are the latest Egyptian Pound forecasts and price predictions for 2024 and beyond?
EGP/USD Egypt Pound Makeover Still Untested, But That May Change Soon Bloomberg. The Egyptian pound is expected to continue fluctuating throughout 2025, according to a recent report from BMI, the research arm of Fitch Solutions, with projections indicating that it will trade between EGP 50-55 against the USD Egypt's 46-month EFF arrangement was approved on December 16, 2022