Egypt's currency, the pound, has surged to become the world’s leading currency after a sharp reversal in oil prices that had previously threatened the country’s budget. The move follows the onset of war with Iran, which had put pressure on Egypt’s finances. The pound’s rise signals a significant shift in global currency rankings.
Egypt's currency, the pound, has surged to become the world’s leading currency after a sharp reversal in oil prices that had previously threatened the country’s budget. The move follows the onset of war with Iran, which had put pressure on Egypt’s finances. The pound’s rise signals a significant shift in global currency rankings.