Transforming the bank’s Treasury
26 January 2017
On Thursday 3 November 2016, the Egyptian Central Bank announced, in a surprise move, that it would let the market set the foreign exchange (FX) rate for the Egyptian Pound (EGP) and raised the interest rates by 300 basis points.
These measures were designed to stop the currency being traded on the black market and reverse the currency shortage it created in its banking system.
Find out what benefits these measures bring and how banks can leverage them to build a better Treasury function.