The International Monetary Fund (IMF) welcomed Egypt’s decision to float its local currency on Thursday.
The decision will back competitiveness and attract more foreign investments to Egypt, IMF mission chief for Egypt Chris Jarvis said.
It will create a flexible system for the exchange rate that would be determined by the market’s needs, Jarvis said
GMT 00:37 2017 Tuesday ,19 December
Greece begins paying IMF, ECB debtGMT 14:31 2017 Friday ,01 December
Zimbabwe will need international effort to restore economy:GMT 12:29 2017 Saturday ,04 November
IMF sanctions Venezuela for failing to provide economic dataGMT 02:27 2017 Tuesday ,24 October
Minister of Economy: Qatar Strengthens its Economic StatusGMT 06:17 2017 Thursday ,12 October
IMF: 'Fluid' situation for banks after Catalan declarationMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor