VOL. XLIII

No. 44

30-OCTOBER-2000

EGYPT

CBE Sets Currency Measures, Denies Government Interference

The Central Bank of Egypt (CBE) on 15 October passed a series of monetary measures intended to ensure currency and banking stability in the wake of the recent steep depreciation of the Egyptian pound. However, following international and local criticism, the CBE tried to reassure the currency market and investors that the measures were regulatory only and did not represent government interference in...