(Reuters) - Egypt's central bank floated the pound currency on Thursday, devaluing by 32.3 percent to an initial guidance level of 13 pounds to the U.S. dollar in a move to rebalance currency ...

Currency flexibility has been a key demand by the International Monetary Fund, which approved a 46-month, $3 billion financial rescue package in October. Egypt had been seeking the loan since ...

CAIRO (AP) — The Egyptian pound is sliding against foreign currencies, inching nearer to 50 per U.S. dollar after a recent ...