Goldman Sachs expects the Egyptian pound to strengthen steadily over the next 12 months, forecasting the exchange rate to reach EGP46 per US dollar, as improving external financing conditions, stronger foreign exchange reserves and easing regional geopolitical tensions support the currency’s outlook. In its latest report on the economies of Central and Eastern Europe, the [...] The post Goldman Sachs Sees Egyptian Pound Rising to EGP46 Against Dollar Within 12 Months appeared first on The Middle East Observer .
