The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade. It has since rebounded to 30.55 at midday on Thursday.
Bankers said there were signs of international institutions pouring money into Egypt ahead of Thursday's auction of local treasury bills. Such investors had been largely absent since March.
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Source: BBCAfrica - 🏆 23. / 61 Read more »