The value of the Egyptian pound shed 13 percent against the US dollar on Monday, registering 17.80 pounds against the greenback after a recent rise in inflation. The local currency in the Arab world’s most populous country saw a sharp devaluation in 2016 when it lost nearly half its value against the dollar overnight. The pound was floated at the time as part of a package of reforms in exchange for a $12 billion bailout from the International Monetary Fund. The pound’s value went from 15.70 to the dollar on Sunday to 17.80 at midday on Monday, according to rates listed on state-owned bank webs…