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#egyptian pounds

The US Dollar is set to break the EGP 60 mark in Egypt’s black market, which stood at EGP 57 per 1 USD, according to an Ahram Online at the start of the week. The official exchange rate, maintained around EGP 30.80 per 1 USD since the Central Bank of Egypt's last devaluation in January 2023, stands in stark contrast to the escalating rates in the parallel market. Other black market exchange rates include 1 Euro trading at EGP 63.7,…