EGYPT
 
Egyptian Currency Pounded Despite Approval Of New Constitution
 
The Egyptian pound fell to a record low this week as Cairo brought in a new exchange rate regime. This came despite a decisive victory for President Muhammad Mursi in December’s constitutional referendum.
 
By James Cockayne
 
The Egyptian currency slid to a record low of E£6.39 to the dollar on 3 January (leaving E£1 worth 15.6 US cents – see graph). This came as...