Egypt takes new steps to halt economy's downward slide

egyptian money

The Egyptian authorities today unveiled details of their efforts to restore confidence in the rapidly deteriorating Egyptian economy, with the Central Bank of Egypt tightening FX rules and the government saying a new reform package is nearly complete.

Beginning February 4, the central bank said it had started enforcing two new rules as part of its efforts to halt the depreciation of the Egyptian pound. The central bank will now only allow the FX rate in the interbank market to move by a maximum

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: