Float by the end of the year? Reuters’ Asma Alsharif reminds us that Central Bank of Egypt Governor Tarek Amer had said Egypt will consider floating the EGP if the central bank’s reserves reach a level of around USD 25 bn. Alsharif says the CBE could hit that level by the end of the year with the arrival of funding from the IMF, bilateral financing from China and the GCC, and the planned eurobond issuance. One banker says, "the central bank cannot float the [EGP] before devaluing and hiking interest rates first to avoid a run on the banks in the absence of inflow of [USD]."