News Analysis: Egypt seeks to secure dollars, diversify trade currencies amid dollar shortage


by Marwa Yahya

CAIRO, May 30 (Xinhua) -- Facing a U.S. dollar crunch that led to the depreciation of the local currency and a slowdown of imports, Egypt is seeking all kinds of ways to secure dollars and even considering adopting other currencies in trade.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Syria secures Assad-era mass grave revealed by Reuters and opens criminal investigation
South Korea's ex-First Lady Kim received bribes and meddled in state affairs, prosecutor says
Australia says Bondi review to check if terror attack could have been averted
Nepal's former rapper to run for PM in key vote after Gen Z protests
South Korean president vows to reveal truth on anniversary of Jeju Air crash
Indonesia fire kills 16 people in retirement home
Mexican train derailment kills at least 13 people, 98 injured
North Korea's Kim Jong Un oversees cruise missile launches
Sudan's gold production reaches 70 tons in 2025
2 dead, 3 hospitalized in Canada's apartment fire

Others Also Read