Egypt central bank ‘kept eyes on inflation’ as it devalued currency
Risk head says institution considered wider impact of devaluations on economy
The Central Bank of Egypt has monitored inflation closely each time it has devalued the Egyptian pound, the institution's head of risk, Hatem Ibrahim, has told Central Banking.
In 2015, the central bank has devalued the currency on three separate occasions. It is now trading at 7.83 against the US dollar after regaining some strength in November.
Speaking on the sidelines of National Asset-Liability Management Africa, held in Johannesburg on October 29–30, Ibrahim said: "We kept our eyes on
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