Egypt: Nation's Pound Drops Against U.S. Dollar

The Egyptian pound dropped against the U.S. dollar's rate of exchange which reached its highest rates 9 years ago.

The reason of the Egyptian pound drop is the political and economic instability.

Economists see that the solution lies in increasing production, reoperation of factories, doubling exports and reducing imports.

Ads by Google

Copyright © 2012 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.