Currency crisis in Egypt: exporters pin hopes on BRICS membership
Erosion of foreign currency reserves, Egypt's allies to the rescueAt the beginning of this month, the Central Banks of the United Arab Emirates and Egypt agreed to a currency exchange deal, intended to bolster the struggling Egyptian economy. A joint news release said the agreement would allow the two central banks to exchange up to 5 billion Emirati dirhams and 42 billion Egyptian pounds,
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