Arab Republic of Egypt : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

June 7, 2005

Electronic Access:

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Summary:

This Selected Issues paper on the Arab Republic of Egypt examines the dynamic relationship between the nominal exchange rate and prices during Egypt’s exit from a managed exchange rate regime. The exit from the peg went through several phases, including a series of step devaluations between 2000 and 2002, a first attempt at a float in January 2003, and the successful transition to a unified, flexible exchange rate system in late-2004. From 2000 to 2004, the Egyptian pound experienced a cumulative depreciation of 68 percent against the U.S. dollar.

Series:

Country Report No. 05/179

Subject:

English

Publication Date:

June 7, 2005

ISBN/ISSN:

9781451811858/1934-7685

Stock No:

1EGYEA2005002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

45

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