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Egypt’s currency plunged the most since last year’s devaluation to hit a record low after US President Donald Trump’s tariffs roiled global markets.
According to the official exchange rate of the Central Bank of Egypt (CBE), the Egyptian pound traded at 19.57 against the dollar, weakening further than the previous record low of EGP 19.56 back ...
Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...
The pound is trading at about 49.8 against the US currency, its weakest since Egypt let it plunge nearly 40% in ... the International Monetary Fund and Egyptian officials discuss the government ...