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Egypt: What’s behind the currency’s recent plunge?

The Egyptian pound plunged 40 percent against the dollar in 2022 - one of the worst performances of an emerging market currency last year - and it kicked off 2023 by falling more than seven percent.

It reached a historic low of 32.2 per dollar in January.

We spoke to Callee Davis, economist at Oxford Economics Africa, and asked her about the recent devaluation of the Egyptian pound
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