Egypt Is Undergoing a Structural Transformation in How It Generates Foreign Exchange

Cairo — Egypt is undergoing a structural transformation in how it generates foreign exchange, with a growing mix of remittances, tourism revenues, logistics activity, exports and foreign direct investment helping strengthen the country’s external position and support the Egyptian pound despite a challenging regional environment. The US dollar fell to EGP 51.79 for buying and EGP […] The post Egypt Is Undergoing a Structural Transformation in How It Generates Foreign Exchange appeared first on The Middle East Observer.