Egyptian Pound Gains as Regulator Challenges SpeculatorsBy and
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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