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LequteMan
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Egypt is back to square one a month after its biggest currency devaluation in 13 years against the dollar.
Money changers in North Africa’s biggest economy are selling hard currency at 11.47 Egyptian pounds, a record 29 percent premium to the official rate of 8.8 pounds per dollar on Wednesday.
This even surpasses the 24 percent gap that existed on the eve of Governor Tarek Amer’s devaluation decision on March 14.
Read full story at Bloomberg
Money changers in North Africa’s biggest economy are selling hard currency at 11.47 Egyptian pounds, a record 29 percent premium to the official rate of 8.8 pounds per dollar on Wednesday.
This even surpasses the 24 percent gap that existed on the eve of Governor Tarek Amer’s devaluation decision on March 14.
Read full story at Bloomberg
