The Egyptian pound traded Wednesday at half its value from March after the central bank intervened for a third time as part of an International Monetary Fund loan agreement.
The devaluation, representing a drop of around 50 percent against the dollar over the 10-month period, comes as the price of imported food and other goods soars in the Arab world’s most populous country.
The currency plunged to 31.95 pounds to the dollar in state banks on…
