The three-year currency swap agreement with China was a move so positive, it changed Hany Aboul Fotouh’s opinion of the CBE’s performance, the banker says in a column penned for Al Borsa. The way he sees it, the agreement will yield four main positive results: boosting trade between Egypt and China and improving bilateral economic ties; easing USD demand in Egypt, and eventually driving down the exchange rate (particularly as 30% of Egypt’s imports are from China); gradually improving the state of Egypt’s foreign reserves; and creating a reserve of the Chinese Yuan, which the IMF included in its SDR basket last year.