Egypt announces flotation of Egyptian pound on Thursday ...Egypt

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Egypt announces flotation of Egyptian pound on Thursday
The Central Bank of Egypt (CBE) issued a statement, on Thursday morning, announcing reform measures to ensure macroeconomic stability and achieve sustainable and comprehensive economic growth, floating the Egyptian pound. The Monetary Policy Committee held an extraordinary meeting at on Thursday after which the Central Bank issued a statement. The global economy faces many shocks and challenges that it had not witnessed for years, as global markets were recently exposed to the coronavirus outbreak and closure policies, then followed by the Russian-Ukrainian conflict, which had severe economic repercussions, and caused pressure to the Egyptian economy, said the statement. Egypt faced upon the

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