The Egyptian Pound will undergo a devaluation of 8.4 percent, announced a senior Central Bank official, with 4.5 Egyptian Pounds equaling one US dollar, reported KSA Today. The Pound’s second devaluation since August 2001 is expected to strengthen the national economy after its decline following the September 11 attacks on the United States. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
