Latest news and articles about exchange rate from NEX English
On Sunday, March 29, 2026, the Saudi Riyal reached a new record high against the Egyptian Pound in banks, trading at 8.50 EGP. This increase reflects current economic changes and raises questions about its impact on the local economy.
The International Monetary Fund confirmed that the Central Bank of Egypt has refrained from direct intervention in the exchange rate, marking a new direction in Egyptian monetary policy. This decision comes at a critical time for the Egyptian economy, which is facing significant challenges.