Bloomberg’s two cents on Egypt’s anticipated currency devaluation: The news outlet sees the central bank devaluing the EGP before the start of Ramadan — expected to start 11 March. And as eyes remain fixated on Egypt and when its currency will officially weaken, Bloomberg points to the narrowing gap between the official and parallel market exchange rates, interest rate hikes, progress on the state privatization program, and clues from the IMF as metrics to be on the lookout for.
ALSO- Fresh Saqqara discoveries under the spotlight: The New York Times is out with a deep dive into three recently-discovered funerary masks in Saqqara that date back at least 1.8k years.