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Cryptocurrencies: 29370
Markets: 112851
Market Cap: $2,171,222,427,060     
24h Vol: $50,920,984,902
Bitcoin.com 2023-01-16 06:30:04

Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have
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