CBE governor says "No going back on flexible exchange rate"

Cairo – Mubasher: The Central Bank of Egypt's (CBE) governor Tarek Amer said that the banking body will not go back on the "flexible" exchange rate.

Egyptian banks will begin pricing the Egyptian pound as they please in terms of buying and selling, he stated at a press conference on Thursday.

There will be no limitations for corporates and investors' dealings in foreign currency, Amer added.

Mubasher Contribution Time: 04-Nov-2016 09:52 (GMT)
Mubasher Last Update Time: 04-Nov-2016 10:36 (GMT)