Finance Ministry plans to float EGP 160.75bn worth debt instruments during September
Ministry is issuing 16 offerings of EGP 151bn worth T-Bills and 8 T-Bonds offerings of EGP 9.75bn
Latest in Tag: float Highlight
Latest in Tag: float
Increased cash support for subsidy cardholders is not enough: expert
Egypt floated its currency on Thursday, allowing it to fall from its previous peg of EGP 8.88 to the US dollar to between EGP 13 and EGP 16. This is the final push to secure the three-year International Monetary Fund (IMF) programme within days. In another step toward securing $12bn from the IMF, the government …
In Video: CBE floats Egyptian pound, raises interest by 3%
Fully fledged float of the Egyptian pound imminent: Beltone Financial
The state may have implied that a currency liberalisation and peg to the dollar is imminent and that it is willing to enforce the decision through any means necessary