Sink or Swim: Egypt’s Anticipated Currency Float
Source: The Tahrir Institute For Middle East Policy Author(s): Timothy E. Kaldas Original Link: https://timep.org/commentary/sink-or-swim-egypts-anticipated-currency-float/ Tarek Amer, the governor of the Central Bank of Egypt (CBE), announced in July that Egypt’s longstanding policy of defending the Egyptian pound (LE) against devaluation had been a “grave error.” The strategy had slowly...
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