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Business Middle East - Mebusiness

Currencies

UAE Public Prosecution calls on public not to misuse national currency

The UAE Public Prosecution has called on all members of the public to abide by laws and not to underestimate the national currency in any way whatsoever. "The national currency carries the name and emblem of the UAE;

Egypt will allow its currency to float freely

Egypt will float its currency in a move that is expected to see it fall by almost 50% against the dollar. The price is expected to see one US dollar buying 13 Egyptian pounds, up from the nine Egyptian pounds the central