This is an extremely important lesson and real case study of the Central Bank of Egypt’s decision to float the currency. We are sharing this information so you know what to expect or not expect should and when Iraq floats their currency…Floating a currency… means the government is no longer controlling the value of the Egyptian pound…For decades the Egyptian currency was pegged…it could only go up or down based upon the fluctuations of the U.S. dollar…Then Egypt needed a loan from the IMF… [Post 1 of 2…stay tuned]
