The Central Bank of Egypt (CBE) is responding swiftly to Egypt’s changing macroeconomic conditions through dynamic management of the foreign exchange and debt markets. The CBE has gradually devalued the Egyptian pound in 2013-2015 to better reflect market fundamentals and boost the competitiveness of the economy.

Moreover, the CBE used balanced and well-timed policy interventions; by changing official interest rates, to balance between keeping inflation within reasonable range and stimulate economic activity.