VOL. XXXVIII
NO. 15
9-JANUARY-1995
Financial and Banking News
Financial Policy
Mubarak Resists Calls For Devaluation Of Pound
President Husni Mubarak of Egypt has strongly defended his government'srefusal to allow a devaluation of the Egyptian pound as part of a strategy toimprove the competitiveness of the Egyptian economy. It is widely believed inEgypt that the International Monetary Fund (IMF) wants to see a devaluationbefore signing off on the first review of the Extended Fund Facility (EFF)...
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