Currency Standoff in Egypt Deepens as Investors Urge Devaluation
- Investors say policy makers need to let pound weaken further
- Central bank governor resigns one day before meeting on rates
This article is for subscribers only.
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.
Egypt became a prime destination for hot money by tethering its currency and boasting the world’s highest interest rates when adjusted for inflation.