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    Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

    • Post author:MiamiCrypto
    • Post published:October 28, 2022
    • Post category:egyptian pound/Egyptian pound devaluation/Emerging Markets/fixed exchange rate/Gordon Bowers/Gulf Cooperation Council/imf bailout/International Monetary Fund/pound depreciation

    After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the…

    Continue ReadingEgyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition
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