Egyptian pound bid at lowest in more than 7 years
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In 2010, Abdel Moneim Saeed, then the chairperson of state mouthpiece Al-Ahram, oversaw an outrageous bit of...
This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press....
This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We...
This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We...
This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press...
This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press....
Egyptian pound bid at lowest in more than 7 years
On
Wed, 20/06/2012 - 19:56
Egypt's pound was bid at 6.0507 to the US dollar on Wednesday, its weakest in more than seven years, following a week of political turmoil.
Over the last few days, the country's new Parliament has been dissolved, both candidates have declared victory in last week's presidential election runoff and the drawing up of the country's new constitution has floundered as politicians bicker.
The Egyptian currency later strengthened to 6.0495 to the dollar, which was still weaker than its close of 6.0470 on Tuesday.
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