
The International Monetary Fund (IMF) welcomed Egypt’s decision to float its local currency on Thursday.
The decision will back competitiveness and attract more foreign investments to Egypt, IMF mission chief for Egypt Chris Jarvis said.
It will create a flexible system for the exchange rate that would be determined by the market’s needs, Jarvis said
GMT 08:18 2017 Saturday ,15 July
US says proud to be partner in IMF program to support Egypt’s economyGMT 02:05 2017 Wednesday ,21 June
Reasons why Pakistan's outlook is 'favourable'GMT 21:19 2017 Thursday ,04 May
Trade min., IMF team review 2nd tranche of $12bn loanGMT 05:57 2017 Thursday ,30 March
Japan to extend $850m loan to MongoliaGMT 06:06 2017 Saturday ,18 March
Egypt’s wheat imports hits new highsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor