19 February 2013

Egypt: CBE President - Works Mainly to Fight Inflation

President of the Central Bank of Egypt Hisham Ramez said on Monday 18/2/2013 that his key mission is to curb inflation and maintain prices stable; adding that economic state in Egypt now is not well and needs reforms.

The CBE president downplayed concern over polarization, saying that this was tackled by rasing the pound rate of exchange to 12.5% to alleviate pressure on the dollar.

Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.