USD-EGP slides to EGP9.40 in parallel market trading
The EGP slid to EGP9.40 from EGP9.35 against the USD in parallel market trading yesterday, according to Al Borsa. Traders cited restricted measures by the CBE and inspections of CBE on foreign exchange bureaus amidst dwindling fx supply as the driver of the weakening pound. (Al Borsa)
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