US Dollar Rises 50% In Egypt’s Foreign Exchange Black Market

Written by on October 28, 2023

The conflict in the Middle East between Israel and Palestine is proving to be expensive for new BRICS member Egypt, as the US dollar sharply spiked by 50% in the country’s foreign exchange black market. The development is stunting the growth of an already ailing economy in Egypt making the US dollar stronger in both the legal and forex black market.

Also Read: BRICS: Global Power Dynamics Shifting From the West

One US dollar is officially worth . . .



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