According to data collected from the International Monetary Fund (IMF), Bloomberg, and Beltone research, the Egyptian pound lost a lot of its value during the past four decades. Since 1979, the pound has lost approximately 98% of its value. Now, the pound can buy only 2% of what it could back in 1979, and is …
Depreciation can happen at a faster pace, the bank says
A significant drop in the number of Egyptian millionaires echoing the decline of Egyptian wealth level
Fears of upcoming demonstrations along with the Syrian-US issues weigh heavily on market
Stock market witnesses the biggest fall since the 14 August violence.
1.7% drop in Egypt’s benchmark index amid dispersal of pro-Morsi protesters.
EU President: “Europe is on the way out of the crisis”
