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Home»News»Egyptian pound resumes 1.2% fall today through Investing.com
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Egyptian pound resumes 1.2% fall today through Investing.com

Nadia BarnettBy Nadia BarnettMarch 25, 2022No Comments2 Mins Read
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Urgency: The Egyptian pound resumes its landing journey today by 1.2%© Reuters.

Investing.com – After a slight rise against the US dollar yesterday, the pound fell again today, trading above 18.5 against the dollar.

The Egyptian pound lost 1.2% of its value against the dollar today after the International Monetary Fund confirmed new loan demand.

Since last Monday, the Egyptian central bank has raised interest rates by 100 basis points to 9.25%, after which the Egyptian pound fell more than 15% to 18 18 from 15.7 against the dollar. Dollar.

Egypt has been hit hard by the aftermath of the Russian war that raised food supplies.

Explanation of risks: Fusion Media I would like to remind you that the data on this website is not real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges but by market makers, so prices may be inaccurate and may differ from the actual market price, i.e. for marking and trading purposes only. Therefore Fusion Media will not be liable for any business losses incurred by you for using this data.

Fusion Media Or anyone associated with Fusion Media will not accept any loss or damage resulting from trusting the information contained in this website, including data, quotes, warranty and buy / sell signals. Be fully informed about the risks and costs associated with trading financial markets, which is one of the most potentially risky investment forms.

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Nadia Barnett

"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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