CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar
Why This Matters
Key context: <p>Central Bank of Egypt (CBE) Governor Hassan Abdalla reaffirmed the bank’s commitment to a flexible exchange rate policy in his first comments following the Egyptian pound reaching a historic low against the US dollar. The Egyptian pound closed at 55.35 per dollar in commercial bank trading on Thursday, a record low that surpassed the previous …</p> <p>The post <a href="https://www.egyptindependent.com/cbe-governor-explains-reasons-for-egyptian-pounds-historic-drop-against-us-dollar/">CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar</a> appeared first on <a href="https://www.egyptindependent.com">Egypt Independent</a>.</p> This development from egyptindependent.com highlights ongoing changes in the sector.
Central Bank of Egypt (CBE) Governor Hassan Abdalla reaffirmed the bank’s commitment to a flexible exchange rate policy in his first comments following the Egyptian pound reaching a historic low against the US dollar. The Egyptian pound closed at 55.35 per dollar in commercial bank trading on Thursday, a record low that surpassed the previous … The post CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar appeared first on Egypt Independent.
Curation & Context
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