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CAIRO, March 6 (Reuters) - Egypt's central bank said it sold 3 billion Egyptian pounds ($1.1 billion) in domestic treasury bills on Sunday and that average yields had risen. The average yield on 3 ...
The pound is trading at about 49.8 against the US currency, its weakest since Egypt let it plunge nearly 40% in a bid to attract foreign funding and stem a two-year economic crisis.
This morning, we got some very good news out of Egypt as this statement was released by the Egyptian central bank: I have to say I agree with everything in the statement, and I think it is the ...