Middle East Economic Survey

VOL. LIV

No 47

21-Nov-2011

EGYPT

Egyptian Pound Slumps Against Dollar On Fears Of Election Turmoil

The Egyptian pound slumped to a seven-year low and was just nudging the psychologically important $1=E6 support level at the end of last week. The pound had come under sharp pressure as a result of Egypts popular protests earlier this year, which ousted the Husni Mubarak regime, but concerns about political turmoil and possible violence ahead of the parliamentary...