What made the EGP appreciate / depreciate.Your answer should be based on how the BOP components impacted the exchange rate.

What actions (if any) were taken by the Central Bank of Egypt in response to these market changes.What was the intended outcome which made CBE take such actions?

What major actions related to interest rates on EGP saving instruments were taken by the largest public sector banks (National Bank of Egypt and Banque Misr).

Why do you think these actions were taken?

2- What do you think will happen to the EGP exchange rate against the Dollar by end of 2020? (EGP will appreciate / Depreciate or remain the same at the current level of US$ / EGP 15.7).Justify your expectation based on the BOP components analysis.