Abu Dhabi Commercial Bank
Africa
Analysts
depreciation
Dollar
Egypt
egyptian pound
Exchange rate
Farouk Soussa
Flexible exchange rate
IMF
International Monetary Fund
Investors
Monica Malik
pound
regime
US Dollar
Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation…