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  1. Central Bank Governor of Egypt: Egypt will not "float" the pound before recovering foreign reserves He said the Central Bank of Egypt Governor Tarek Amer, he would not float the Egyptian pound before foreign exchange reserves increase to a level between 25 and 30 billion dollars, up from the current size of the reserve which is 16.48 billion dollars. Amer said in response to a question in a talk show whether it will reduce the value of the Egyptian currency, "Not at all .. When the reserve up to 25 or 30 billion dollars stay .. we think we are Bnraay society." And facing Egypt, which relies on imports shortage of foreign currency since the uprising started in the country in 2011 and led to the deportation of tourists and investors. These two sectors main hard currency. Egypt is under increasing pressure to devalue the pound. But it surprised the markets, an increase of 20 pounds in November and kept it stable since then. And it is still the official exchange rate of the pound is much stronger than its price on the black market as it reached 9.10 pounds to the dollar on Sunday, unchanged from Thursday. And retreated from the foreign exchange reserves of $ 36 billion in 2011 to 16.48 billion dollars by the end of January. Views 21 Date Added 02/22/2016 11:15 - Last Updated 02/22/2016 - 12:33 No. Content 2180
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