Prices of 18 car brands in Egypt drop by up to 23% since currency floatation - Egypt Independent

Egypt Independent

Independent: Al-Masry Media Corporation

Prices of 18 car brands in Egypt drop by up to 23% since currency floatation - Egypt Independent

For the first time in two years, prices of 18 car brands in the Egyptian market have dropped by up to 23 percent since the Egyptian pound was floated, according to the Ashraq Business website. This comes after two years of consecutive price increases due to a suspension of imports and a decrease in supply …