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Currency flotation increased exports by $2bn: Tarek Kabil
The industrial area will help incur more foreign inflows to the country, the trade and industry minister says
Flotation decision was an urgent necessity and action taken at the right time: Banks officials
Decision contributed to increasing FX Reserves to $36.5bn, and positively impacted banks activity, El-Refaie said
Winners and Losers since the flotation: what is next?
Next Friday, 3 November, marks a year since Egypt has started its economic reform programme—one that has been the most difficult—to revive the ailing economy and achieve growth rates that reflect on creating jobs, curb unem- ployment, and improve standards of living for Egyptians. At the heart of these bold and cru- el reforms came …
Flotation was boldest decision in history of Egyptian economic, banking sectors
FX up by $17bn, foreign investments in government debt instruments mark $18bn
Egypt’s capacity to repay IMF fund adequate, risks remain: IMF review
Risks to the programme arise from a still fragile macroeconomic stability and the difficult reform agenda
Currency flotation is paying off as foreign flows drive foreign-exchange stabilisation: EFG Hermes
Squeezed by turbulence and uncertainty since 2011, Egypt’s economy encountered numerous challenges, such as the prolonged political transition that led to the build-up of macroeconomic imbalances. The government decided to adopt an economic reform programme—backed by the International Monetary Fund (IMF)—which included the introduction of the value-added tax (VAT) law, the reduction of fuel subsidies, …
Egypt continues to suffer from consequences of currency flotation: Focus Economics
Focus Economics forecasts an average inflation of 20.1%, 13.6% for calendar years of 2017 and 2018 respectively