Effects Of The November 2016 EGP Devaluation On The Egyptian Economy

Causes of the November 2016 EGP DevaluationThe Current/Existing Situation
On the 19th of April2018, it was announced by the Egyptian Media that the exchange rate of the US dollar had actually exceeded the 11EGP that was available on the black market. This news led to panic across all the sectors or areas in the Egyptian community. That apart, the Governor of the Central Bank of Egypt, a Mr. Tarek Amer denied any intentions of devaluing the &l…