This paper analyzes the exchange rate policy changes of China in the context of Frankel's impossible trinity.A tradeoff model is used to value the changes of exchange rate arrangements by Chinese authorities and suggestions are made for further policy arrangements.The changes in the trinity variables...
The CBE said that the dollar price ranged between 17.56 to 17.85 pounds for purchase and 17.78 to 17.97 for sale in 2018. Bankers attributed the drop in the dollar price against the Egyptian pound to the increase in foreign exchange flows into the Egyptian market and the banking system since ...
CAIRO, Dec. 27 (Xinhua) -- The Central Bank ofEgypt(CBE) said Wednesday that Egyptian banks have funded trade finance transactions worth 70.8 billion U.S. dollars since the government's decisions to float the Egyptian pound in November last year. ...
CAIRO, Sept. 4 (Xinhua) -- Egypt's foreign exchange reserves rose to 44.97 billion U.S. dollars by the end of August, the Central Bank of Egypt (CBE) said in a statement on Wednesday. "Egypt's forex reserves increased by 53 million dollars to reach 44.97 billion dollars at the end ...