Thndr Claps » EGY Claps » Economy 🏙 » What’s next for the EGP?
The ClapDespite the EGP’s sharp fall against the US Dollar in 2022, some analysts still see more room for further decline.
WhatGlobal bank “Nomura” sees the EGP being the currency most prone to crises in 2023, while HSBC expects the EGP to stabilize around EGP 26 to the USD.
So whatAnalysts expect the EGP to remain turbulent until Egypt’s allies in the Gulf region inject enough foreign currency.
Now whatFinal agreement for the $3 billion IMF loan is expected to take place sometime next month.
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