Sunday 14 July 2013

Gulf aids bolsters value of local currency - Daily News Egypt

"The Egyptian pound edged up in this week’s early transactions against the US dollar, with the cut-off price at EGP 7.002 to the US dollar compared to EGP 7.0189 at last Wednesday’s auction.

The index of the US dollar internationally declined 1.5%.

“Current political upheavals have left investors somewhat puzzled and confused, and have pulled the import sector to a halt,” said Sameh Abdel Rahman, head of Crown’s exchange company."

'via Blog this'

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