VOL. XXXI
NO. 2
19-OCTOBER-1987
Financial and Banking News
REGIONAL BANKING
Egypt to Abolish One Forex Rate
The Egyptian Minister of Finance and National Economy, Mr. Yusri Mustafa,last week announced that the Central Bank Commercial Pool rate of E.35 = $1will be abolished at the end of the year, thereby reducing the number of exchange rates to three. Egypt is committed to a program agreed with theInternational Monetary Fund (IMF) aimed at unifying all its exchange rates.According to Mr. Mustafa,...
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