“I am amazed at you, Zaman.” What did Amr Adeeb say about floating the pound?

Cairo – Masrawy:

Journalist Amr Adeeb commented on the Central Bank’s decision to allow the pound’s exchange rate to be determined according to market mechanisms.

Adeeb said in a blog post on the “X” platform today, Wednesday: “You were all in favor of the float! You were all expecting it! You were all understanding! In the opinion of teacher Reda, I admire you, O time.”

On Wednesday morning, the Central Bank announced that it would allow the pound’s exchange rate to be determined according to market mechanisms, after its sudden decision to raise interest rates by 6 percent, following an extraordinary meeting.

The Egyptian pound fell by about 62 percent to more than 50 pounds to the dollar by 1:30 p.m., after trading at about 30.85 over the past year.

The Central Bank stressed that unifying the exchange rate is a very important measure, as it contributes to eliminating the accumulation of demand for foreign exchange following the closing of the gap between the official and parallel market exchange rates.

Read also:

The government reveals the fate of the price of a gram of gold after “repricing the pound against the dollar”

“Market Monitoring”… the first government statement following the Central Bank’s decisions regarding the dollar and interest rates

The government announces the urgent import of 300,000 tons of sugar

A positive step.. What is the impact of moving the dollar price on the drug market?

ظهرت في الأصل على www.masrawy.com

Leave a Comment