Egyptian Pound Strengthens Following Devaluation and IMF Deal, Leading to $8 Billion Windfall
Key Takeaways 💵 Egyptian pound stable at around 49.5 pounds to the dollar 💱 The central bank allowed the currency to plunge and shift to a more flexible exchange rate system 🌍 IMF secured an expanded $8 billion program with Egypt 💼 More flexible exchange rate crucial for investor confidence 💰 Egypt committed to structural … Read more