Where is the Egyptian Pound Headed?
On June 19, the Egyptian Pound fell to a low of 7.03 to the US dollar at the official foreign exchange auction. The Central Bank of Egypt (CBE) sold $38.9 million at the auction but that did not prevent the rate from crossing the CBE’s implicit threshold level of EGP 7 against the US dollar. … Continue reading Where is the Egyptian Pound Headed?
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