shock | The Egyptian government is officially moving to start the new float of the pound

https://www.youtube.com/watch?v=ZVEC5dBuY3U

And starting with Stanley Morgan Bank, which predicted in a report that the Egyptian government would liberalize the exchange rate of the pound against foreign currencies next September. The episode presents the content of the report issued by Stanley Morgan, with the risks predicted by the major financial institution regarding the Egyptian economy following the issuance of the new flotation decision.

On the other hand, the Central Bank announced an increase in the deficit in net foreign assets of the Central Bank and Egyptian commercial banks to $27 billion. While the Central Bank of Egypt meets today, Thursday, to discuss interest rates, with fluctuating expectations among economists of fixing interest rates until next September, or raising interest by 2%.

Finally, analysts said that the dollar certificates offered by Egyptian banks and the National Bank of Egypt succeeded in attracting hard currency to the official financial track, which dealt a blow to the black market for dollars in the country.