CAIRO (AP) — The Egyptian pound slipped further against the dollar on Monday, a downward plunge on the first two days of trading under a new system, as the president tried to assure a worried public that the crisis atmosphere will end soon.

The pound slid nearly 1 percent on Monday from the previous day, bringing the exchange rate at banks to 6.42 pounds to the dollar. It marked a cumulative loss of nearly 4 percent this week, after Egypt’s central bank took steps in what bankers believe is an attempt to control the devaluation of the currency.

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