VOL. XLIV

No 49

3-December-2001

EGYPT

AttemptsTo Prop Up Egyptian Pound Create New Concerns About Economic Management

Asthe Egyptian Government steps up action to address economic and monetarychallenges, analysts continue to question whether the Central Banks move tocut government demand for foreign currency by $1bn for the rest of thefinancial year (ending June 2002) will help resolve the countrys currencycrisis or merely increase the role of government in economic management. TheCentral Bank...