Another deval “not the right way forward,” says Deutsche Bank
Further currency weakness likely to impact debt sustainability, analysts say
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Further currency weakness likely to impact debt sustainability, analysts say
PLUS: Today marks the official start of summer
And Mayar Sherif becomes Egypt’s best-ranked tennis player of all time
Remittances into Egypt fell 10% last year due to exchange rate uncertainty
Eight of nine analysts we spoke to expect policymakers to hold rates for a second consecutive meeting
EU’s Josep Borrell yesterday pledged EUR 20 mn to help Egypt with Sudanese refugees
The USD fell 5% against the EGP in the parallel market, said Amr Adeeb
The FX crunch is making it harder for Egypt to pay for imports of key commodities
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