The EGP punches through the EGP 50 barrier

· Egyptian market news · TAQA

👋 Good morning, friends, and happy long weekend.

But first, your weekly recap…

🗞️ LAST WEEK IN 3 MINS

The USD fell below the psychological EGP 50 mark across several local banks on Wednesday for the first time since March extending the EGP’s recovery

AND- China extended its local-currency swap line with Egypt for three…

Read the full story at Enterprise

Source: Enterprise — read the original story

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