Egypt pound falls to lowest against dollar in 5 years
The Egyptian pound fell to its lowest rate against the dollar since July 2005 on Monday after weeks of volatility that traders blamed on concerns over risky emerging market assets and a lack of central bank support.
The pound touched 5.7842 against the U.S. currency, breaching an earlier low of 5.777 reached in early November.
King Abdullah and Sultan Qaboos on Monday attended part of the official festivities held by Oman on the occasion of its 40th national day.
The festivities included military parades, music and dance performances which were held at Al-Fath Square in Muscat.
King Abdullah, who arrived in Oman earlier in the day, is scheduled to hold talks with Sultan Qaboos on bilateral cooperation, regional developments and issues of mutual concern.