{"id":648401,"date":"2017-04-03T04:14:52","date_gmt":"2017-04-03T04:14:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/reer-appreciation-unlikely-to-affect-competitiveness\/"},"modified":"2017-04-03T04:14:52","modified_gmt":"2017-04-03T04:14:52","slug":"reer-appreciation-unlikely-to-affect-competitiveness","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/reer-appreciation-unlikely-to-affect-competitiveness\/","title":{"rendered":"REER appreciation unlikely to affect competitiveness"},"content":{"rendered":"

<\/a> Egypt\u2019s improved competitiveness is unlikely to be negatively affected by an <\/strong>expected appreciation of the EGP\u2019s real effective exchange rate (REER) in the short term<\/strong>, the central bank says in its monetary policy report<\/a>, according to Bloomberg\u2019s Ahmed Feteha<\/a>. The expected appreciation in the REER will not \"neutralize the substantial real depreciation\" that took place in November and December. The country has been realizing the benefits of the float and inflationary pressure is subsiding, the report says.<\/p>\n

Despite driving up inflation rates, the weaker EGP is also encouraging slow but steady <\/strong>growth in trade and tourism,<\/strong> Saxo Bank head of macro analysis Christopher Dembik said yesterday, Al Masry Al Youm<\/a> reports. The float was an unavoidable step in the country\u2019s economic reform process and the government should continue cutting red tape and bureaucracy to attract more investment, according to Dembik. He also noted that \u201cTrump risk\u201d is real, but there are other, more important factors Egyptian investors must consider, including the fact that the US president will likely be unable to follow through on many of his controversial promises.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s improved competitiveness is unlikely to be negatively affected by an expected appreciation of the EGP\u2019s real effective exchange rate (REER) in the short term, the central bank says in its monetary policy report, according to Bloomberg\u2019s Ahmed Feteha. The expected appreciation in the REER will not \"neutralize the substantial real depreciation\" that took place […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648401","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cea180bb-77d4-4829-8ae1-c71cd62ce468","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648392],"teaser":"","voice_url":""},"yoast_head":"\nREER appreciation unlikely to affect competitiveness - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/reer-appreciation-unlikely-to-affect-competitiveness\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REER appreciation unlikely to affect competitiveness\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s improved competitiveness is unlikely to be negatively affected by an expected appreciation of the EGP\u2019s real effective exchange rate (REER) in the short term, the central bank says in its monetary policy report, according to Bloomberg\u2019s Ahmed Feteha. 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However, when measured in\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600496,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egp-to-remain-stable-through-2019-says-goldman-sachs\/","url_meta":{"origin":648401,"position":1},"title":"EGP to remain stable through 2019, says Goldman Sachs","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"Don\u2019t expect the EGP to continue to strengthen this year \u2014 in fact, it could slip a little. The EGP was more or less stable against the USD on Wednesday, closing at 17.57 from 17.58 at close the previous day as the currency held its ground after gaining around 2%\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1850.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623710,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/10\/ubs-strategists-forecast-fx-inflows-of-up-to-usd-20-bn-by-the-end-of-2q-2025-in-upside-scenario-outflows-of-up-to-usd-3-bn-in-downwide-scenario\/","url_meta":{"origin":648401,"position":2},"title":"UBS strategists forecast FX inflows of up to USD 20 bn by the end of 2Q 2025 in upside scenario, outflows of up to USD 3 bn in downwide scenario","author":"enterpriseam admin","date":"10 June 2024","format":false,"excerpt":"The Swiss investment bank recommends holding Egyptian t-bills without hedging against FOREX fluctuations","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/797.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597944,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/stalling-foreign-investment-and-lack-of-competitiveness-key-risks-to-egyptian-economic-growth-ebrd\/","url_meta":{"origin":648401,"position":3},"title":"Stalling foreign investment and lack of competitiveness key risks to Egyptian economic growth- EBRD","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"Stalling foreign investment, high inflation are key risks to Egyptian economic growth- EBRD: A lack of foreign investment, persistent high inflation and the recent appreciation of the EGP are key risks to the Egyptian economy, the European Bank for Reconstruction and Development (EBRD) has said. 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The bank says in its latest regional outlook growth will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/2312.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=648401"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648401\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648392"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648401"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648401"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}