Egypt’s Currency Crisis: Key Rate Hike and IMF Negotiations

2024-03-06 13:44:51 Egypt raised its key rate to a record 27.25% on Wednesday, causing the pound to fall by more than a third of its value against the dollar, in an attempt to curb inflation and the worst economic crisis in his history. Cairo, heavily in debt, has already carried out a 50% devaluation in … Read more
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