currency devaluation

Banking expert explains differences between clean and dirty float
Economy

Banking expert explains differences between clean and dirty float

Banking expert Hany Abul-Fotouh explained that the exchange rate policies followed globally involve either linking the country’s currency to another…
IMF to review Egypt’s reform program twice in September
Economy

IMF to review Egypt’s reform program twice in September

A former advisor to the International Monetary Fund (IMF) Fakhry al-Fiqi said Saturday that the second review to the Egyptian…
Is Egypt devaluing its currency anytime soon?
Economy

Is Egypt devaluing its currency anytime soon?

Speculations have gone viral about the possibility of Egypt devaluing its own currency, despite Egyptian President Abdel Fattah al-Sisi asserting…
Will Egypt postpone devaluation of pound until end of June?
Business

Will Egypt postpone devaluation of pound until end of June?

Citigroup anticipates that the Central Bank of Egypt may resort to delaying the devaluation of the Egyptian pound against the…
Lebanon devaluates Lira by 90%
Economy

Lebanon devaluates Lira by 90%

Governor of the Central Bank of Lebanon (Banque du Liban) Riad Salameh said Lebanon will adopt a new official exchange…
Exchange rate flexibility is important for Egypt: IMF
Egypt

Exchange rate flexibility is important for Egypt: IMF

The International Monetary Fund said on Friday that exchange rate flexibility is important for Egypt. “In the past, a heavily…
Increase in rebar prices, factories not selling
Business

Increase in rebar prices, factories not selling

Ahmed al-Zainy, Chairman of the Building Materials Division, at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that there…
US Embassy in Egypt warns its citizens against possible protests
Egypt

US Embassy in Egypt warns its citizens against possible protests

The US embassy in Egypt warned its citizens in Cairo against protests in Egypt over currency devaluation, calling on them…
Selling Assets to Foreign Sovereign Funds: a Gain or a Loss?
Business

Selling Assets to Foreign Sovereign Funds: a Gain or a Loss?

In normal circumstances, it wouldn’t have occurred to me to ask this question. I spent a good part of my…
Analysis: When Erdogan’s Turkish economic miracle began failing
Middle East

Analysis: When Erdogan’s Turkish economic miracle began failing

ISTANBUL, July 15 (Reuters) – Five years after President Tayyip Erdogan saw off a coup, his chances of extending his…
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