IMF Staff Country Reports

Arab Republic of Egypt: Selected Issues

June 7, 2005

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Arab Republic of Egypt: Selected Issues, (USA: International Monetary Fund, 2005) accessed December 25, 2024

Summary

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.

Subject: Commodities, Consumer price indexes, Domestic debt, Oil, Prices, Public debt, Wholesale price indexes

Keywords: Africa, Balance of payments flow, CBE balance of payments, Consumer price indexes, CR, Debt, Domestic debt, East Africa, Egypt, Exchange rate, Foreign currency, Global, Government securities, IMF staff estimate, Investment ratio, ISCR, Middle East, North Africa, Oil, Output per worker, Physical capital accumulation, Wholesale price indexes

Publication Details

  • Pages:

    45

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2005/179

  • Stock No:

    1EGYEA2005002

  • ISBN:

    9781451811858

  • ISSN:

    1934-7685