Latest in Tag: currency Highlight

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Latest in Tag: currency

ANALYSIS: Egypt shouldn’t let the pound slide just yet

By Una Galani /Reuters DUBAI: Egypt’s pound still looks vulnerable. Supporting the currency so far has been a costly strategy. Along with a decline in tourism and foreign direct investment, foreign exchange reserves have shrunk around 40 percent or by roughly $16 billion. But the decision may have helped avert a bigger capital flight. Furthermore, it …


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