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Currency devaluation enhances Egyptian competitiveness in the Gulf markets

2023-02-01 00:00

The devaluation of the Egyptian pound, which fell by about 17 percent against the dollar earlier this year, is making Egyptian exporters more competitive in the international market. According to several exporters, the devaluation has not only ignited competition between Egyptians and the rest of the world but has also put Egyptian exporters in competition with each other, as not all of

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