Published Jun 17, 2026, 8:25 AM ET · Updated 5 months ago · 1 source

Egypt’s Pound Becomes World’s Top Currency as Oil Shock Reverses

bloomberg
bloomberg
·
Original Report
INFERY
Egypt’s Pound Becomes World’s Top Currency as Oil Shock Reverses

Egypt’s pound has become the world’s best-performing currency after oil prices dropped sharply on a US-Iran agreement to reopen the Strait of Hormuz, a move expected to restore supply flows and ease inflation concerns.