Incoming SBP Chief's tenure in Egypt has been extra ordinary.
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In late 2016, Egypt adopted a wide-ranging IMF-supported reform program aimed to reinvigorate the country’s ailing economy after years of social and political instability following a 2011 uprising that toppled long-time autocrat Hosni Mubarak.
As part of the reforms, Egypt devalued its pound currency resulting in it losing half of its value overnight, which in turn led to skyrocketing prices for basic consumer goods such as sugar, bread and oil. "
https://ww.egyptindependent.com/egy...-owing-to-domestic-demand-recovery-un-report/
"
In late 2016, Egypt adopted a wide-ranging IMF-supported reform program aimed to reinvigorate the country’s ailing economy after years of social and political instability following a 2011 uprising that toppled long-time autocrat Hosni Mubarak.
As part of the reforms, Egypt devalued its pound currency resulting in it losing half of its value overnight, which in turn led to skyrocketing prices for basic consumer goods such as sugar, bread and oil. "
https://ww.egyptindependent.com/egy...-owing-to-domestic-demand-recovery-un-report/
