World Economy

Egyptian Pound Steady

Egyptian Pound SteadyEgyptian Pound Steady

Egypt sold dollars at 7.53 pounds per dollar on Sunday, the eighth central bank auction this month, as the pound weakened slightly on the black market, Ahram Online reported. The bank began letting the official exchange rate weaken on Jan. 18 in an effort to wipe out black-market trading, but it has kept the rate steady for two weeks now.