Egypt’s pound weakened to a record in unregulated trading as demand for USD rose in the face of a Central Bank assurance that it would not devalue the currency. The EGP fell to EGP9.12 per dollar in the parallel market, from EGP9.09 last week, according to the average of quotes from four dealers in Cairo and Alexandria surveyed by Bloomberg. This is the lowest level since the weekly surveys started in April 2013 and represents a 14% mark-up to the official exchange rate the Central Bank has maintained since November. Currency dealers surveyed by Bloomberg asked not to be identified because trading outside official price limits violates Central Bank rules. (Bloomberg)