Egyptian Pound Volatility Shows the War Premium Has Not Fully Disappeared
The Egyptian pound weakened again in Tuesday trading, with bank quotes around EGP 53.15 for buying and EGP 53.25 for selling per dollar, after the currency had recovered about 1.7 percent last week. The latest move highlights that Egypt’s currency remains sensitive to external shocks. The regional war shock added pressure to existing vulnerabilities, including…
