Egypt Central Bank Liberalizes Exchange Rate, Governor Says
(Bloomberg) -- The Egyptian central bank has decided to “liberalize” the exchange rate, Governor Tarek Amer told Bloomberg News by phone.
The exchange rate will be set by “supply and demand,” Amer said. He didn't give additional details.
To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net.
To contact the editor responsible for this story: Alaa Shahine at asalha@bloomberg.net.
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