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3232Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition
https://www.digit.info/egyptian-currency-plunges-15-after-cairo-accedes-to-key-imf-exchange-rate-condition/
Fri, 28 Oct 2022 21:30:54 +0000https://www.digit.info/2022/10/28/egyptian-currency-plunges-15-after-cairo-accedes-to-key-imf-exchange-rate-condition/Read more]]>After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 […]
After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 […]