Foreign outflows push Egypt's pound to its lowest official level on record
Egypt's pound hit a record low, dropping past 52 to the dollar as foreign investors pull out amid regional tensions. The currency fell about 4.3% in a day, while global markets face turmoil with oil prices sharply rising and equities losing trillions. Officials say reserves are at a record high and can absorb the volatility, assuring that price hikes aren't imminent.
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