Egypt Biggest-Ever Interest-Rate Hike More Than 38% Devaluation Of Currency

Egypt delivered its biggest-ever interest-rate hike and allowed its currency to weaken more than 38% in a long-awaited devaluation that may pave the way for billions more in loans from the International Monetary Fund.

Source: Bloomberg

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Real money is the ultimate protection against devaluation of currency:

Gold price EGP (Egyptian Pound)/oz

Silver price EGP (Egyptian Pound)/oz

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