Arab Republic of Egypt : Selected Issues

1EGYEA2005002 Image
Price:  $15.00

Release Date: © June, 2005
ISBN : 978-1-45181-185-8
Stock #: 1EGYEA2005002
English
Stock Status: On back-order

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Description

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.




More publications in this series: IMF Staff Country Reports