Business - Economy

Egypt's foreign exchange gap closing, no intention of significantly devaluing exchange rate: CBE top official

The foreign exchange gap in Egypt is closing, as the dollar gap decreased from $3.9 billion last February to $400 million in July thanks to the decisions of the Central Bank of Egypt (CBE) to regulate imports, said First Deputy Governor of the CBE Gamal Negm.

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Egypt's foreign exchange gap closing, no intention of significantly devaluing exchange rate: CBE top official