People outside a currency exchange office in Cairo. Egypt has devalued its pound three times since March 2022, and the currency has lost more than half its value since then. EPA
People outside a currency exchange office in Cairo. Egypt has devalued its pound three times since March 2022, and the currency has lost more than half its value since then. EPA

Fitch downgrades Egypt's rating for second time in 2023 as financial risks rise




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