Egypt has significantly tightened its monetary policy in response to an economic crisis, implementing measures outlined in an $8 billion International Monetary Fund (IMF) financial support package signed in March. …
Devaluation
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The Central Bank of Egypt (CBE) announced the cancellation of its Monetary Policy Committee (MPC) meeting scheduled for March 28, 2024 [reuters.com]. This decision comes after a significant interest rate …
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Officials and bankers said that Egyptians working abroad have begun sending more money home since the country sharply devalued its currency last week. It is worth noting that on …
