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Economic expert reveals Egyptian pound outlook for the coming two months

Economist Mohamed Anis has described the declines seen on the Egyptian Exchange over the past week as “paper losses” rather than actual, realized losses.

  • Recent declines in Egyptian stock market are paper losses, not actual losses.
  • Investors selling shares to generate liquidity for Banque du Caire IPO.
  • US dollar-Egyptian pound exchange rate predicted to stabilize around LE 54-57.

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