President Sisi: EGP can attain ‘fair value’ in six months
The currency can attain its ‘fair value; in about six months - it was weaker than it should be, but should strengthen as reforms take hold, President Sisi said. “The current price is not the fair price, but we can, through the measures we’re taking and through population’s cooperation, reach a fair value in six months when the exchange market stabilizes,” he said. If that happens, “it will be reflected in the price of goods and the pressure on the people will ease.” (Bloomberg)
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