Egypt to end dollar-guarantee mechanism for foreign investors

Egypt to end dollar-guarantee mechanism for foreign investors

Egypt to end dollar-guarantee mechanism for foreign investors

Egypt’s central bank has said that it will on 4 December 2018 end the use of a mechanism guaranteeing that foreign investors wanting to sell out of Egyptian securities could pull out their money in dollars, in a move to loosen its grip on investment flows.

For more information, please see https://www.nasdaq.com/article/egypt-to-end-dollarguarantee-mechanism-for-foreign-investors-20181128-00883

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