Egypt
The Egyptian pound weakened past EGP 52 to the United States dollar on Sunday, 8 March, marking a record low as rising regional geopolitical tensions weighed on the currency. According to data from the Central Bank of Egypt, the dollar closed at EGP 52.11 for buying and EGP 52.21 for selling at the end of Sunday’s trading session, compared to EGP 50.08 and EGP 50.22 on Thursday. The pound has fallen by roughly EGP 4.24, around 8.9 percent, since the…
