On Tuesday, the Egyptian pound closed at 6.79 per $1. On the “black market”, $1 costs 7.15-7.20 Egyptian pounds.
Faced with this situation, Egypt’s Central Bank has been forced to sell $40 million to banks to avoid hard currency shortages and prop up the home currency.
Voice of Russia, TASS
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Cairo halted by transport strike
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Egypt seeks economic help
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Mubarak assets may be frozen
Obama lifted a moratorium on prisoner transfers to Yemen