Arab Republic of Egypt: Selected Issues

International Monetary Fund

No 2005/179, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Egypt; output per worker; physical capital accumulation; debt; exchange rate; IMF staff estimate; balance of payments flow; foreign currency; government securities; CBE balance of payments; investment ratio; Consumer price indexes; Oil; Wholesale price indexes; Domestic debt; Africa; Middle East; North Africa; East Africa; Global (search for similar items in EconPapers)
Pages: 45
Date: 2005-06-07
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Citations: View citations in EconPapers (4)

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