Thursday, May 28
Latest News
  1. Top US negotiator with Iran 'to leave after June 30 deadline'
  2. Ministry: Tunisia arrests 2nd Morocco suspect in Bardo attack
  3. Angolan activist gets six months suspended jail sentence
  4. Spain judge opens terrorism case against Boko Haram
  5. Minister: S.African president cleared in corruption scandal
  6. Etihad profits soar 52 percent on expansion, more passengers
  7. Cyprus holds Lebanese man over possible bomb material
  8. Two Saudi border guards die in Yemen shelling
  9. Catholic Church says withdrawing support for Burundi elections
  10. Libya issues warning after PM escapes assassination
  11. Nebraska becomes 19th US state to halt death penalty
  12. Referendum to ask should Britain 'remain' member of EU
  13. US army says 22 possibly exposed to anthrax at S. Korea base
  14. Minister: Malaysia believes 139 bodies in migrant graves
  15. Chief of Al-Qaeda's Syria affiliate pledges no attacks on the West
  16. Syrian soldiers tell of harrowing escape from besieged hospital
  17. Blatter ally AFC opposes FIFA vote delay
  18. Libya issues warning after PM escapes assassination
  19. Coalition raids on rebels in Yemen capital kill 43
  20. EU asks member states to admit 40,000 asylum seekers

Egypt pound hits record low after c.bank auction

Jan. 8, 2013 12:42 P.M. (Updated: Jan. 8, 2013 12:42 P.M.)
CAIRO (Reuters) -- The Egyptian pound hit a record low on Tuesday after weakening again at a central bank US dollar auction designed to stem a decline in the country's dwindling foreign currency reserves.

The central bank said the cut-off price at the Tuesday auction was 6.4492 pounds to the dollar - a 0.5 percent fall from Sunday when the cut-off price was 6.4185 pounds to the dollar. The central bank said it had sold $60 million at the auction - the same amount it had offered.

The weakening is in line with the central bank's interbank trading band, which it narrowed last week to plus or minus 0.5 percent from the previous 1.0 percent.

Powered By: HTD Technologies
Ma'an News Agency
All rights reserved © 2005-2015