Egypt: What’s behind the currency’s recent plunge?
Published date: 7 February 2023 18:16 GMT
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Last update: 1 year 2 months ago
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
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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