CURRENCY PIPS

CURRENCY PIPS

Egypt will not devalue the pound against the dollar, according to Atef Obeid, the country's prime minister at the end of December. His statement to parliament was designed to outline government policy and also calm fears of a hard currency shortage after black market dollar rates jumped.

Egypt has kept its currency pegged close to the dollar at around EGP3.40/$ since 1991. In the interim the Egyptian economy has strengthened and inflation plummeted. Bankers say the central bank is both relu

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: