Egyptian Pound to Remain Stable, Beltone's Mamdouh Says

The video discusses the relative stability of the Egyptian pound amidst emerging market turmoil, supported by high reserves and improved balance of payments. It covers Egypt's bond issuance strategy, focusing on longer-term bonds to reduce short-term debt costs. The central bank's monetary policy is also examined, with expectations of stable interest rates until early 2019, aligning with the IMF program.

What factors contribute to the stability of the Egyptian pound?

• Increasing inflation and low balance of payments

• High short-term debt and low reserves

• Decrease in tourism and low oil prices

• High level of reserves and narrowing inflation differential

What is the main focus of Egypt's bond issuance strategy?

• Issuing short-term bonds to reduce costs

• Relying on five and seven-year bonds to reduce short-term debt costs

• Reducing the overall number of bonds issued

• Issuing bonds in foreign currencies

How much is Egypt planning to issue in bonds during the fiscal year 2018-2019?

• $7 billion

• $3 billion

• $5 billion

• $10 billion

What is the central bank's expected approach to interest rates until the end of 2018?

• Eliminate interest rates

• Increase rates significantly

• Keep rates unchanged

• Cut rates drastically

When is the next potential rate cut expected according to the central bank's strategy?

• First quarter of 2019

• Third quarter of 2019

• End of 2019

• Second quarter of 2018