Egypt's Currency Black Market Under Threat as Confidence Rises

Egypt's currency black market is under threat from two directions, as aid from wealthy Gulf states promises to ease a dollar shortage and an increasingly confident central bank engineers a gradual depreciation of the Egyptian pound.   Since the 2011 revolution ushered in three years of political and economic turmoil, a gap has opened up between the pound's official market rate and the weaker rate at which it trades in illicit money changing shops and back alleys.   The...

© La Voix de l'Amérique - mercredi 4 juin 2014