Egyptian pound liberalization puts economy on right track

The liberalization of the Egyptian pound’s exchange rate according to the market’s supply and demand will put the national economy on the right track, Investment Minister Dalia Khorshid said.

The Central Bank of Egypt (CBE)’s decision to float the Egyptian pound against main currencies in addition to the other decisions taken lately by the supreme council of investment, under President Abdel Fattah El Sisi, assure that the reform march has started with no return, Khorshid told MENA on Thursday.

The government is committed to continuing reform measures aimed at improving the investment stage in Egypt in the coming years, she added.