Oxford Economics: forecasts for the Egyptian pound to trade at 45 dollars by the end of the year

Against the backdrop of the recently announced UAE FDI inflows, the Egyptian pound is likely to trade at USD 45 by the end of the year, exceeding the initial forecast of USD 55, according to Oxford Economics Africa. Last week, the Egyptian government signed a USD 35 billion deal with ADQ, an Abu Dhabi-based investment …

Oxford Economics: forecasts for the Egyptian pound to trade at 45 dollars by the end of the year Read More »