Egypt Currency Devaluation 2025. Fears Of Currency Devaluation Mount In Egypt NPR The official highlighted that the key feature of the agreement is the swift devaluation of the Egyptian pound to narrow Analysts forecast that the CBE will start its monetary policy easing cycle in 2025 as inflation will trend further down, from 29.0% in 2024 to 11.8% in 2025, ending the year around.
Egypt’s Surprise Rate Hike Signals Looming Currency Devaluation from spectator.africa
By the end of the year, the currency is forecast to settle around EGP 52.5 per dollar. Egypt's government has historically followed a currency devaluation with a fixed exchange rate
Egypt’s Surprise Rate Hike Signals Looming Currency Devaluation
Egypt's 46-month EFF arrangement was approved on December 16, 2022 It's a sign of greater flexibility for the pound, which saw long periods of stability after authorities in March enacted their fourth devaluation since early 2022, reported Bloomberg citing the. By the end of the year, the currency is forecast to settle around EGP 52.5 per dollar.
IMF calls for devaluation to stem Egypt's currency crisis YouTube. The currency fell to EGP 50.8 against the USD on the offshore market Thursday, the latest in an almost uninterrupted six-week streak of declines The new devaluation and interest rate hike will inflict further pain on Egyptians already struggling with soaring prices, said Hamish Kinnear, senior analyst at risk intelligence.
Egypt's Central Bank May Postpone Pound Devaluation, City Group Predicts Nogoom Masrya. fiscal year 2024-2025, marking a 0.3 percent decrease from its October. The Egyptian pound may recover in early 2025, indicating a potential increase in value
