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Egyptian pound leads global gains
It was mentioned that the Egyptian pound has become the best-performing currency in the world following a decline in oil prices after an agreement between the United States and Iran to reopen the Strait of Hormuz, coupled with increased exchange rate flexibility and foreign investment inflows. The government also announced the launch of the second issuance of the State Ownership Policy Document to promote the private sector and increase its contribution to the economy, dedicating a month to gather opinions from the community and business sectors to develop a vision that aligns with market needs and enhances Egypt's competitiveness.
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