CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar
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…
We haven't written up this one. Egypt Independent has the full story — the link below goes straight to it.
