Middle East & North Africa Economics

Middle East & North Africa Economics

Middle East Economics Update

8 March, 2017

Egypt: weaker pound having the desired effect

Egypt’s balance of payments data for Q4 released today show only a modest narrowing in the current account deficit, but digging a little deeper there are signs that the 50% drop in the pound against the dollar since early November is helping to place the external position on a firmer footing.

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