Egypt’s Pound Becomes World’s Top Currency as Oil Shock Reverses
Egypt’s pound has become the world’s best-performing currency after oil prices dropped sharply on a US-Iran agreement to reopen the Strait of Hormuz, a move expected to restore supply flows...
By Kerim Karakaya · Bloomberg Markets
Egypt’s pound has become the world’s best-performing currency after oil prices dropped sharply on a US-Iran agreement to reopen the Strait of Hormuz, a move expected to restore supply flows and ease inflation concerns.