Egyptian pound devaluation – Miami Crypto Coin

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…