Egyptian Pound Gains as Regulator Challenges Speculators

Updated on
  • Bankers say dollars sold at 8.78 pounds from 8.85 on Monday
  • Appreciation follows biggest one-time devaluation since 2003

The Egyptian pound gained at a central bank sale of dollars to local lenders, two days after policy markers said they would adopt a more flexible exchange rate following the biggest one-time devaluation since 2003.

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