EGP slumps in parallel market to USD-EGP 15.0, steady at regular FX auction
The EGP reached a record low on the black market, trading at USD-EGP 15.0, compared to USD-EGP 14.20-14.25 last week. Meanwhile, the Central Bank of Egypt (CBE) held the EGP steady against the USD at its regular foreign currency sale on Tuesday, selling USD118.4mn at USD-EGP 8.78. (Reuters)
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