Egypt floats pound

Analysts said the Egyptian economy has suffered in the past due to the fixed exchange rate preventing receipt of funds from institutions such as the IMF.

"The fixed exchange rate regime had long lost its credibility because it had been used to support an exchange rate that was out of line with market conditions and inconsistent with other economic policies," said Ala’a Al-Yousuf, Middle East and Africa director for sovereign ratings at Standard & Poor’s. "The economy should benefit from a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: