22.04.2016 - Egypt's currency is plunging to new lows
Egypt's currency fell to new lows on the black market this week, with traders selling it on Thursday from between 11 and 11.15 Egyptian pounds to the dollar amid speculation it will be officially devalued further. Newspaper headlines said it had fallen to a level as weak as 11.50 against the dollar the previous day, while some exchange bureaus put it closer to the official level of 8.88. The Associated Press noted the 11 to 11.15 range at three different currency traders...............................................Full Article: Source
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