Egyptian pound drops on unrest

Camel riders wait for tourists outside the closed gate of the Pyramids site in Giza, Egypt's most famous tourist attraction, Egypt, Monday, Feb. 7, 2011. The protests, which saw tens of thousands of people massing daily in downtown Cairo for demonstrations that at times turned violent, have raised questions about the impact on the economy. More than 160,000 foreign tourists fled the country in a matter of days last week, in an exodus sure to hammer the vital tourism sector. (AP Photo/Bertrand Combaldieu)

February 7, 2011 5:18:32 AM PST
The Egyptian pound hit its lowest level against the U.S. dollar in roughly six years on Monday, while the government looked to raise cash with a $2.5 billion Treasury bill auction as investors assessed the impact on the economy of nearly two weeks of protests calling for the president's ouster.