Cairo – Mubasher: Egypt’s decision to float its currency can be declared a success, Egyptian business tycoon Samih Sawiris said in an interview with Reuters, suggesting that investment flows will take time to return and revive the country’s economy.
Earlier in November 2016, the Central Bank of Egypt (CBE) decided to float the EGP against the foreign currencies.
"Now the investment appetite has become bigger ... people will start looking at the various opportunities given to them," Reuters quoted Sawiris.
Sawiris believes that the only way to restore tourism is through marketing by the government and private companies.
