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Egyptian Pound (EGP) |
New York Times
Apr 3
Comment
A steep devaluation in the Egyptian pound, and the lack of hard currency, makes it harder to import expensive drugs because the law requires them to be resold at a fixed price.
Reuters
Feb 10
Comment
A run on Egypt's pound has left foreign currency in short supply and driven some dealers into the streets in search of people with U.S. dollars to sell, spawning a new black market.
New York Times
Jan 9
Comment
The Egyptian pound fell to a record low Wednesday, following the decision by the central bank to introduce a dollar auction system to try to prop up the Egyptian pound.
Wall Street Journal
Jan 2
Comment
The Egyptian currency suffered further heavy losses and the cost of insuring Egyptian sovereign debt against default jumped as concerns intensified over economic and political turmoil in the country.
Clusterstock
Jan 2
Comment
The Egyptian pound (EGP) came under further pressure again this morning (see earlier discussion), with the central bank no longer able or willing to maintain the previous currency peg.
BBC: - The Egyptian pound has fallen further against the US...
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