Egypt committed to flexible exchange rate regime, says central bank deputy governor

Egypt is committed to adopting a flexible exchange rate regime that will lead to the availability of hard currency, the central bank deputy governor said on Thursday.

A foreign exchange black market that had thrived before Egypt managed to tame it after striking two deals with the UAE and the International Monetary Fund "is completely obliterated," the deputy governor, Rami Aboulnaga, said in an interview with the Atlantic Council.