BusinessEconomy

New c.bank chief watched in Egypt

In Egypt, investors will be watching the level of the Egyptian pound at official auctions and in the parallel market as new central bank governor Tarek Amer starts work.
 
Many people expect the well-regarded Amer to work with the government to try to resolve Egypt's foreign currency shortage by regulating imports and supporting exports, which could benefit many listed firms. But it remains unclear whether the shortage can be resolved without a devaluation of the Egyptian pound at some stage. 

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