#depreciate
For the third time this year, the Central Bank of Egypt (CBE) has depreciated the Egyptian pound against the dollar in a foreign exchange auction on Thursday, taking the currency's decline for the year to 9.8 percent. The pound fell 1.3 percent (10 piasters) to 7.93 per dollar sell side and 7.88 buy side according to a report by the state-owned Middle East News Agency, which announced that the CBE offered $40 million at a regular dollar sale to local…
