Egypt Sees Sharp Dollar Drop and Currency Gains

Egypt experienced a sharp decline in the US dollar's exchange rate and a strong recovery of the Egyptian pound. The Egyptian stock exchange saw green screens, with gains totaling 67 billion Egyptian pounds. Egypt also settled historical financial entanglements worth 196 billion Egyptian pounds. Additionally, 400,000 tons of food imports arrived in Egypt within a week, and the country reviewed progress on the GREGY electricity interconnector with its developer.