Arab Republic of Egypt: Selected Issues
June 7, 2005
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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.
Subject: Commodities, Consumer price indexes, Domestic debt, Oil, Prices, Public debt, Wholesale price indexes
Keywords: Africa, balance of payments flow, CBE balance of payments, Consumer price indexes, CR, debt, Domestic debt, East Africa, Egypt, exchange rate, foreign currency, Global, government securities, IMF staff estimate, investment ratio, ISCR, Middle East, North Africa, Oil, output per worker, physical capital accumulation, Wholesale price indexes
Pages:
45
Volume:
2005
DOI:
Issue:
179
Series:
Country Report No. 2005/179
Stock No:
1EGYEA2005002
ISBN:
9781451811858
ISSN:
1934-7685
