EconSource: Egypt Strengthens Currency Amid Disruptive Dollar Shortage

The Central Bank of Egypt strengthened the pound on Wednesday for the first time since 2013, injecting dollars into a banking system suffering from an acute foreign exchange shortage and raising expectations of a radical shift in monetary policy. The Central Bank raised the pound’s official value by 0.20 pounds to 7.7301 to the dollar, … Continue reading EconSource: Egypt Strengthens Currency Amid Disruptive Dollar Shortage