Egyptian pound
In May 2015, Egypt chose the banks to handle its return to the international bond market after a gap of five years marking a return of economic and political stability in the country after the revolution of 2011. However, in early 2016 the Egyptian pound suffered from devaluation: in February when the pound was allowed to float briefly, its value reduced rapidly from 7.83 LE per US dollar to 8.95 LE per dollar, resulting in increased prices for everyday goods.