Business - Economy

Foreign exchange stability in Egypt hinges on continued US dollar inflows into the market: Experts

The Egyptian pound's performance against the US dollar has fluctuated since the last depreciation of the local currency by the Central Bank of Egypt (CBE) on 6 March in line with its commitments to a flexible exchange rate regime under the $8 billion loan deal with the International Monetary Fund (IMF).

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Foreign exchange stability in Egypt hinges on continued US dollar inflows into the market: Experts