RTRS:Egypt pound falls to weakest in almost 7 years
CAIRO (Reuters) - The Egyptian pound was bid as weak as 6.0036 to the U.S. dollar on Tuesday, its lowest in almost seven years, as the country's deepening funding crisis overshadowed a smooth start to a parliamentary election.
The central bank spent almost $2 billion of its foreign reserves in October, partly to support the currency, traders say. The pound was at its weakest since January 2005.
