VOL. XLIV
No. 05
29-January-2001
EGYPT
Egyptian Pound Strengthens But Analysts See Only Short-Term Appreciation
The government and the Central Bank of Egypt (CBE) on 23 January initiated a new set of measures to support the Egyptian pound. The government and the CBE, as well the foreign exchange bureaus, have agreed to implement a 2% fluctuation band for the last three-month Egyptian pound average rate, which allows CBE intervention if the fluctuation exceeds the limit. According to the local...
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