Egypt Stocks Soar Most in World as Bonds Rally on Currency Float
- EGX 30 Index advance sends valuations to highest since 2015
- Pound tumbles 45%, government sell bills at record-high yields
Egypt Allows Currency to Float in Economic Overhaul
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Egypt’s stocks and foreign bonds advanced after the central bank said it would allow the currency to float as part of measures designed to tackle a dollar shortage that has sapped economic growth.