VOL. XLIV

No. 04

22-January-2001

EGYPT

Egyptian Government Has No Plans To Let The Egyptian Pound Float

The Egyptian Government has no plans to let the Egyptian pound float freely, despite its eight-month slide against the dollar, Prime Minister 'Atif 'Ubaid was quoted as saying by the Cairo daily al-Ahram on 13 January. The government has no intention whatsoever of either letting the Egyptian pound float completely or fixing it firmly to foreign currencies, Dr 'Ubaid said, adding that the...