Inflows hit $80B since floating exchange rate: CBE Governor

CAIRO – 18 October 2017: Governor of the Central Bank of Egypt (CBE) Tarek Amer on Wednesday said that monetary reform measures led to increasing foreign currency inflows into the country hitting $80 billion since the exchange rate was floated in November.

In statements carried by Al Arabiya news channel, he added that the Bank has outlined a comprehensive program for solving the foreign currency problem.

Floating the exchange rate is part of a program for regulating the financing policy in Egypt, he added.