On Thursday morning, the Egyptian pound recorded its highest price in a month against the US dollar, continuing to rise for the second day in a row.
The dollar price recorded its highest price, since April 20, at LE18.32, slightly higher from LE18.35 on Wednesday. The dollar recorded LE18.30 on April 10.
The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) data showed on Monday that consumer price inflation in Egyptian cities jumped to 13.1 percent on an annual basis in April.
The value of the currency fell 14 percent on March 21, after about a year and a half of little change.