Egyptian pound

Egyptian pound weakens the most in four months

Egyptian pound weakens the most in four months

  • Foreign currency has dried up in Egypt over the last six months, forcing banks and importers to scramble to find dollars to pay for imports and putting pressure on the central bank to let its value weaken
By Reuters ·

Egypt’s middle class faces hardship as austerity bites

Egypt’s middle class faces hardship as austerity bites

By ARWA GABALLA AND ALI ABDELATY | REUTERS ·