Egypt’s pound plunged in value on Thursday as the central bank floated the currency to address a dollar crunch that threatened to cause some imports to grind to a halt. Central bank governor Tarek Amer said that from Sunday all banks would have full currency controls without any interference from the regulator, describing the move as “historic”.
Egypt banks to have full currency control from Sunday
- Nov 05, 2016
- By Voxafrica UK