Tag: Free Floating Currency

Egyptian Pound Expected To Lose 50% Of Its Value Over Next 24 Hours

Quite a few countries are on the verge of a major financial collapse right now. Egypt is one of these countries, as they face a very difficult decision. Keeping the national currency afloat artificially is no longer a viable option. Instead, the Egyptian pound will become a free-floating currency. It is expected that its value will drop by as much as 50% against the US Dollar over the next 24 …
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