The USD-EGP weakened further on the black market on Monday, extending its recent decline with traders who quoted a range of EGP10.25-10.28 per dollar last week raised their rates to a range of EGP10.50-10.65 per dollar on Monday, eight traders told Reuters. "The price has been rising rapidly since Sunday evening. There is a lot of demand from some importers," said one trader, who said he made trades worth over two million dollars within the EGP10.55-10.60 per dollar pricing range. (Reuters)
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