{"id":649721,"date":"2017-03-07T04:38:03","date_gmt":"2017-03-07T04:38:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/"},"modified":"2017-03-07T04:38:03","modified_gmt":"2017-03-07T04:38:03","slug":"float-like-an-egyptian-nigeria-says-reuters","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/","title":{"rendered":"Float like an Egyptian Nigeria, says Reuters"},"content":{"rendered":"<p>In a thankfully slow night for Egypt in the foreign press, we have managed to catch some interesting reads (both good and bad).<\/p>\n<p><a href=\"http:\/\/in.reuters.com\/article\/nigeria-egypt-devaluation-idINL5N1GC2G5\"><strong>Reuters<\/strong><\/a><strong> is running an analytical piece which again cautions Nigeria to follow in Egypt\u2019s footsteps and adopt a full devaluation of the EGP<\/strong>. Those afraid of a currency collapse need only to look at Egypt and be reassured, as it quickly regained 20% of its value following a nosedive of 50% following the float, said Hasnain Malik, head of frontier markets strategy at Exotix in Dubai. The benefits of attracting capital inflows should not go unnoticed. \"What Egypt does show is that foreign capital is comfortable pricing risk and returning to a market when there is a liquid, functioning FX market for all,\" Malik added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a thankfully slow night for Egypt in the foreign press, we have managed to catch some interesting reads (both good and bad). Reuters is running an analytical piece which again cautions Nigeria to follow in Egypt\u2019s footsteps and adopt a full devaluation of the EGP. Those afraid of a currency collapse need only to [&hellip;]<\/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":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649721","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"546ccf64-b634-42b9-bb10-3dbfb97333f3","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649701],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Float like an Egyptian Nigeria, says Reuters - 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\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Float like an Egyptian Nigeria, says Reuters\" \/>\n<meta property=\"og:description\" content=\"In a thankfully slow night for Egypt in the foreign press, we have managed to catch some interesting reads (both good and bad). Reuters is running an analytical piece which again cautions Nigeria to follow in Egypt\u2019s footsteps and adopt a full devaluation of the EGP. Those afraid of a currency collapse need only to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-07T04:38:03+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Float like an Egyptian Nigeria, says Reuters\",\"datePublished\":\"2017-03-07T04:38:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\"},\"wordCount\":134,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt in the News\",\"EnterpriseAM\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\",\"name\":\"Float like an Egyptian Nigeria, says Reuters - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-03-07T04:38:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Float like an Egyptian Nigeria, says Reuters\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Float like an Egyptian Nigeria, says Reuters - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/float-like-an-egyptian-nigeria-says-reuters\/","og_locale":"en_US","og_type":"article","og_title":"Float like an Egyptian Nigeria, says Reuters","og_description":"In a thankfully slow night for Egypt in the foreign press, we have managed to catch some interesting reads (both good and bad). 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The questions on most people\u2019s lips ahead of the start of the conference: can the developed and developing worlds come to an agreement on who pays? Many outlets are\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591614,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/upcoming-ipos-of-egypts-bdc-e-finance-will-be-a-boon-for-egx-liquidity\/","url_meta":{"origin":649721,"position":1},"title":"Upcoming IPOs of Egypt\u2019s BdC, e-Finance will be a boon for EGX liquidity","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"The upcoming IPOs of state-owned Banque du Caire (BdC) and e-Finance will be a boon for liquidity on the EGX, Bloomberg says. BdC, one of the country\u2019s largest banks, is expected to attract investors from beyond the region, including from \u201cmainstream global emerging market funds,\u201d Tellimer\u2019s head of equity strategy\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/443.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588181,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/07\/egypts-debt-problem-in-focus\/","url_meta":{"origin":649721,"position":2},"title":"Egypt\u2019s debt problem in focus","author":"enterpriseam admin","date":"7 June 2023","format":false,"excerpt":"Analysts say reform is the only way to get the country\u2019s external debt on a sustainable trajectory","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/332.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576539,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/29\/what-the-markets-are-doing-on-29-november-2020\/","url_meta":{"origin":649721,"position":3},"title":"What the markets are doing on 29 November 2020","author":"enterpriseam admin","date":"29 November 2020","format":false,"excerpt":"The EGX30 fell 0.8% on Thursday on turnover of EGP 1.6 bn (42% above the 90-day average) as foreign investors were net sellers. The index is down 21.4% YTD. In the green: Dice (+1.9%), Eastern Company (+1.4%) and Emaar Misr (+0.8%). 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According to Reuters, he said, \u201cI have heard commentators suggest we should follow Egypt's example and free the naira\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649721","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=649721"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649721\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649701"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649721"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649721"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}