Floating the Egyptian Pound – Finally
By
Mohsin Khan and Elissa Miller
On August 11 this year, the Egyptian government, the Central Bank of Egypt (CBE), and an International Monetary Fund (IMF) staff team reached an agreement on a three-year economic program under the IMF’s Extended Fund Facility worth $12 billion. The announcement of the agreement was greeted with considerable fanfare, as it showed Egypt was ready, […]