Egypt’s pound sinks further against dollar – Refinitiv


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CAIRO — Egypt’s pound fell about 4% to 24 against the dollar as trading resumed on Sunday after the weekend, Refinitiv data showed.

The pound had slid about 14.5% against the dollar on Thursday after authorities announced a commitment to a “durably flexible” exchange rate regime along with a preliminary agreement for a $3 billion loan from the International Monetary Fund. (Reporting by Yasmin Hussein and Aidan Lewis; editing by John Stonestreet)


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