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The Egyptian pound has reached a record low due to economic struggles. To avert a currency crisis, Egypt holds dollar auctions. With the depreciation of the pound, the purchasing power of the Egyptian currency has weakened. In Cairo, Egypt, $10 can currently buy basic items such as bread, eggs, vegetables, and fruits, but the quantity may vary due to inflation and supply chain issues. The dollar shortage is hobbling Egypt's economy, exacerbating the country's financial challenges.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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