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...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!