Read More Details
Finally We wish PressBee provided you with enough information of ( No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson )
Also on site :
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson ...Egypt
Cabinet Spokesperson Counselor Mohamed al-Hamasy stated that Prime Minister Mostafa Madbouly clearly indicated in the weekly press conference that Egypt will not witness a ‘significant flotation‘ like last March. “This means that we will not see a large jump in the exchange rate, but rather a movement based on supply and demand,” he added. In a phone-in to the ‘Sala al-Tahrir’ program, the government spokesperson added that the flexible exchange rate increase is based on supply and demand. He explained: “When tracking the exchange rate over a period, we see ups and downs within a certain price margin, similar to the exchange rate in any country in the world.” The state, in coordination with
Most Viewed Economy
جديد الاخبار