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Saudi Arabia Drops Egyptian Pound From Exchange Markets As Currency Rapidly Depreciates

Posted on 28 October 2016

Saudi Arabia’s currency exchange outlets have dropped the Egyptian pound following the currency’s sharp decline in value in recent months, Saudi media reported Thursday.
The decision to halt trading of the pound was made by currency agencies. The Saudi government and commercial banks “are more concerned with the needs of their clients” and “only deal in major global currencies,” Talaat Hafiz, secretary-general of the media and banking awareness committee, told the Saudi Gazette……………………………………Full Article: Source


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