HSBC forecasts Egyptian pound to sink further against dollar ...Kuwait

The New Arab - News
HSBC forecasts Egyptian pound to sink further against dollar
The value of the Egyptian pound against the US dollar is expected to sink as a further devaluation of the local currency appears close, taking a toll on Egypt's already ailing economy amid wars in the neighbouring Gaza Strip and Sudan. In a recent report published on 15 December, the UK-based HSBC bank has projected another devaluation of the pound in the first quarter of 2024 with the US dollar to be valued from 45 – 50 EGP. The soon-to-come depreciation aims to facilitate the completion of a loan programme from the International Monetary Fund (IMF), the report read. Previous HSBC forecasts for the exchange rate in the first quarter of 2024 had been between EGP 35 an

Hence then, the article about hsbc forecasts egyptian pound to sink further against dollar was published today ( ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( HSBC forecasts Egyptian pound to sink further against dollar )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News