US dollar decline against the pound and registered less than 16 EGP at unprecedented rates since the flotation on 3 November 2016.
Experts say that the Egyptian economy is recovering after months of unrest since the floatation as it hit less than EGP 16.00 compared to EGP 19.50 mid-December 2016.
Egypt launched a strict economic reform plan within an agreement with the International Monetary Fund for a loan of about $ 12 billion.
