Economic and banking expert Ahmed Shawky said that issuing an index for the Egyptian pound is one of the most important recommendations for the “Economic Conference 2022 – Egypt”, especially since Egypt is a non-oil country so there is no need to tie its currency to the US dollar only. The US dollar peg is evident in the central banks in the Gulf countries dealing as oil countries with the decisions of the US Federal Reserve where as soon as the decision is issued, the central banks follow suit – whether by raising or fixing the interest rate, whereas Egypt is a completely different model. Shawky stressed that it is important to determine the extent of the strength of the Egyptian pound in
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