Egypt c.bank governor says will not float pound until foreign reserves recover
Central Bank of Egypt Governor Tarek Amer - Youm7 Archive
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CAIRO: Egypt’s Central Bank Governor Tarek Amer said on Sunday he would not float the Egyptian pound until foreign reserves reached a level between $25 and $30 billion. Reserves are currently at $16.48 billion.

“When foreign reserves reach $25 or $30 billion then maybe we can think about it,” Amer said when asked on an Egyptian talk show if he would float the currency.

 

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