Speculation over a pending devaluation in the Egyptian pound currency sent the LE down more than 10% against the USD in the black market to record lows, Reuters reports.

Since EGPT does not hedge currency risks, a depreciating Egyptian pound would weigh on the Egypt country-specific ETF.

For more information on the Egyptian markets, visit our Egypt category.

VanEck Vectors Egypt Index ETF

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.