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To peg or not to peg
After last week's announcement that the government would allow the pound to float more freely relative to the dollar, the exchange rate went on a rapid uphill climb to over LE4 per dollar. Opposition paper Al-Wafd headlined its front page yesterday with the news that the government now plans on pegging the dollar rate at LE3.95 for selling and LE3.99 for buying.
Dardasha discussed this issue a while back. Why not check it out?
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