The Egyptian Pound
While the decision to float the currency brought short-term pressures, Capital Economics suggests the policy shift is now creating the conditions for more durable growth
The Egyptian pound saw a notable rebound against the US dollar as the new trading week began, driven by a surge in dollar availability
The LE is currently LE 49.89 against the greenback, down from yesterday’s close of LE 49.93. (May 22, 3 PM).
