Economists and bankers have welcomed the Central Bank of Egypt's decision to adopt a more flexible exchange rate policy after a sharp devaluation of the Egyptian Pound as much-needed measures to ...

CAIRO, March 9 (Reuters) - Egyptian President Abdel Fattah al-Sisi said on Saturday that with tens of billions of dollars in new financing from the United Arab Emirates and the International Monetary ...

The North African country is under pressure to stick to the terms of a $3bn, 46-month financial support package signed in December with the IMF, which included a commitment to shift to a flexible ...

AL-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Bangladesh’s central bank introduced a crawling peg system for the local currency in efforts to keep the taka stable and raised its key interest rate to tame inflationary pressures. The central bank ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. It is a given in polite economic society that China should move toward a more ...

CAIRO, Dec 19 (Reuters) - The International Monetary Fund will be watching for a shift by Egypt to a flexible exchange rate after a requirement to finance imports through letters of credit is phased ...

This paper assesses the stabilization properties of fixed versus flexible exchange rate regimes and aims to answer this research question: Does greater exchange rate flexibility help an economy’s ...