Tale of Two Currencies: Egypt Sets Itself Apart from Nigeria

Tale of Two Currencies: Egypt Sets Itself Apart from Nigeria

VIEW FROM ABROAD Back in early November, Egypt and Nigeria were in the same situation, crying out for dollars to revive their sinking economies and trying to curb rampant currency trading on the black market. Egypt’s tactic was to ditch a currency peg, leaving its pound open to market forces. The move helped secure a […]
Source: Tale of Two Currencies: Egypt Sets Itself Apart from Nigeria

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post culled from thisdaylive