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Egyptian Pound Devaluation and its Impacts
On Tuesday 19th of April, Egyptian media announced that the US Dollar exchange rate exceeded 11 EGP in the black market; a news that caused unprecedented panic across all sectors of the Egyptian society. On the other side, Tarek Amer, Governor of the Central Bank of Egypt (CBE), has denied any intention of devaluing the
- June 20, 2016
- Posted by: admin
- Category: Blog Category, Financial Services, Middle East