The U.S. Dollar is trading on Thursday at the highest levels against the Egyptian Pound in almost 10 years. The U.S. currency reached a new high of EGP 6.1850 (buy price) and EGP 6.21 (sell price) against the Egyptian currency.
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Egypt's foreign cash reserves dropped US$ 448 million to reach US$ 15.035 billion at the end of last November. A number of bankers warned that a hunger revolution is looming in Egypt, if the presidency fail to overcome such crisis. They warned that (...)
