After the dollar exchange rate reached 36 pounds in the parallel market, is the Central Bank of Egypt heading for a third flotation?

Al-Marsad Newspaper: Expectations of a rise in the price of the dollar during the current month, in addition to its reaching unprecedented numbers of its exchange rate in the Egyptian parallel market, have raised many questions and question marks and imposed speculations among social media activists.

Observers expected that the coming days would witness a possible third flotation before December 16, the day the International Monetary Fund is scheduled to discuss Egypt’s file.

The parallel market is witnessing unprecedented numbers of the exchange rate of the dollar once morest the pound, since the day before yesterday, Tuesday, as dollars are offered for sale and purchase, but at prices ranging between 33 and 36 pounds, in contrast to the announced prices for the exchange of dollars in official banks and the Central Bank of Egypt.

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