Egypt planning deals and price measures after devaluation, PM says

Egypt planning deals and price measures after devaluation, PM says
  • Country:
  • United Arab Emirates

Egypt's government is planning on big deals to ensure liquidity, working with merchants to control prices, and prioritizing foreign currency access for importers of staple commodities after letting the currency depreciate sharply, the prime minister said on Thursday.

The interior ministry has also been ordered to use an "iron fist" with black market currency traders, Prime Minister Mostafa Madbouly said a at press conference.

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