Pre-Trading Thoughts

Talks with the IMF on an assistance package are set to continue “the first week of November” in Cairo, according to Jihad Azour, the IMF’s director for the Middle East and Central Asia. During the economic conference which kicked off on Sunday, Prime Minister affirmed that Egypt prioritizes curbing inflation over the issue of the exchange rate. CBE is about to launch an index for the Egyptian pound soon, which includes a basket of currencies besides gold. CBE is working to l...