Report post
The Egyptian Pound has experienced significant depreciation, losing 40% of its value in a single day and 400% over the period from 2010 to 2023. This freefall has been partially attributed to an IMF loan, which Egypt secured to stabilize its economy. By devaluing its currency, Egypt aims to improve its export competitiveness and attract foreign investment, ultimately aiming to stabilize its economy amidst ongoing economic challenges.

The World's Leading Crypto Trading Platform

Get my welcome gifts