NO. 18


Financial and Banking News

Budgets & Revenues

Egyptian Prime Minister Gives Details of Unified, Floating, Exchange Rate

In a keynote address on monetary policy delivered to the Egyptian People'sAssembly on 28 January, Prime Minister Atif Sidki outlined plans to establish asingle, floating exchange rate for the Egyptian pound, in place of the presentsystem whereby essential imports are booked at an exchange rate which is fixedwell below the free market price....