Egypt Currency Devaluation 2025

Egypt Currency Devaluation 2025. Floatation of the Egyptian Pound 'Is it Going to Get Better?' The American University in Cairo Why is Egyptian pound so weak today? The Egyptian pound is weak due to high foreign debt levels, which have led to a shortage of foreign currency. Funds from the $3 billion December 2022 IMF loan package were never disbursed because the central bank never transitioned the pound from a fixed to a floating exchange rate as stipulated.

Morgan Stanley noted Egypt's inflation would "drop to around 15% in early 2025 with month-on-month inflation returning to levels seen before 2022, [eventually] stabilizing at around. Egypt has floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan to $8 billion.

Bets on Egypt Currency Devaluation Rise WSJ

The Egyptian pound is expected to continue fluctuating throughout 2025, according to a recent report from BMI, the research arm of Fitch Solutions, with projections indicating that it will trade between EGP 50-55 against the USD The Egyptian pound is expected to continue fluctuating throughout 2025, according to a recent report from BMI, the research arm of Fitch Solutions, with projections indicating that it will trade between EGP 50-55 against the USD Egypt's 46-month EFF arrangement was approved on December 16, 2022

IMF calls for devaluation to stem Egypt's currency crisis YouTube. Morgan Stanley noted Egypt's inflation would "drop to around 15% in early 2025 with month-on-month inflation returning to levels seen before 2022, [eventually] stabilizing at around. The official highlighted that the key feature of the agreement is the swift devaluation of the Egyptian pound to narrow

Currency crisis brews as Egypt floats pound against dollar. Egypt has floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan to $8 billion. The Egyptian pound may recover in early 2025, indicating a potential increase in value