After Egyptian pound falls, foreign investment jumps to $925 million

CAIRO, Egypt: In a statement released this week, Egypt's central bank said that after the Egyptian pound sharply depreciated last week, foreign investors transferred more than $925 million dollars into the country's foreign exchange market over three days.

At the start of January 11, the Egyptian pound weakened to about 32 to the US dollar from 27.60 before rebounding to 29.61 pounds by January 16.

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