Egypt, IMF Talk FX Reform But No Pound Trading Yet

REGULATIONS

News that Egypt plans to overhaul its foreign exchange system doesn't mean that the Egyptian pound will be a factor in international forex markets anytime soon, market participants say. Although the partial flotation of the pound mandated by Egypt's negotiations with the IMF will mean that it will be valued closer to market rates, it still can't be traded.

John Swain, treasurer of National Bank of Egypt in London, confirmed that the Egyptian pound still remains an untradeable currency. "We've

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: