RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Egyptian pound devaluation: Fitch Ratings forecasts recovery in banks' net foreign assets

23/05/2022
Categories: Sectors

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

 

The Central Bank of Egypt (EPC) devalued the local currency by 17% on 21 March and raised its key interest rate by 100 basis points to fight inflation. According to the rating agency Fitch Ratings, these measures should lead to a recovery in the net foreign assets of Egyptian banks. The reason for this is the return of confidence from foreign investors through a more flexible exchange rate regime and a new program set up by the International Monetary Fund (IMF).

Provided by AWS Translate

0 COMMENTAIRE