VOL. XXXII
NO. 20
20-FEBRUARY-1989
Financial and Banking News
BUDGETS AND REVENUES
Egypt Promises Austerity Measures
The Egyptian Government has plans for a series of price increases andsubsidy cuts which will lead to the eventual abolition of the Central Bank poolexchange rate of E0.70,$1 by July of this year. According to a "Memorandumof Economic Policies for 1988/89 and the Medium Term. which has been circulatedby the Egyptian authorities to its foreign creditors within the context ofParis Club...
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