Egypt Currency Devaluation 2025. The EGP Devaluation A new beginning In addition, the IMF Executive Board approved the authorities' request for an arrangement under the Resilience and Sustainability Facility (RSF), with access of about US$1.3 billion (SDR 1 billion) The new devaluation and interest rate hike will inflict further pain on Egyptians already struggling with soaring prices, said Hamish Kinnear, senior analyst at risk intelligence.
The Egyptian pound’s gradual depreciation is likely to continue in the short term from www.fxstreet.com
By the end of the year, the currency is forecast to settle around EGP 52.5 per dollar. The Egyptian pound may recover in early 2025, indicating a potential increase in value
The Egyptian pound’s gradual depreciation is likely to continue in the short term
Cairo - February 20, 2025: Moody's has reaffirmed Egypt's Caa1 long-term foreign and local currency issuer ratings, while keeping a positive outlook in place By the end of the year, the currency is forecast to settle around EGP 52.5 per dollar. With Cairo embarking on its fourth currency devaluation since early 2022, what are the latest Egyptian Pound forecasts and price predictions for 2024 and beyond?
The Egyptian pound’s gradual depreciation is likely to continue in the short term. Analysts forecast that the CBE will start its monetary policy easing cycle in 2025 as inflation will trend further down, from 29.0% in 2024 to 11.8% in 2025, ending the year around. Why is Egyptian pound so weak today? The Egyptian pound is weak due to high foreign debt levels, which have led to a shortage of foreign currency.
لماذا ستطرح مصر عملة الـ"2 جنيه"؟.. مسؤول يوضح الأسباب CNN Arabic. It's a sign of greater flexibility for the pound, which saw long periods of stability after authorities in March enacted their fourth devaluation since early 2022, reported Bloomberg citing the. Egypt's 46-month EFF arrangement was approved on December 16, 2022