How the Egyptian Pound Hit an All-Time Low
Intelligence Squared
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Economic Crisis in Egypt: A Deep Dive
This chapter examines the severe economic challenges facing Egypt, including the drastic depreciation of the Egyptian pound and skyrocketing inflation affecting everyday life. It discusses the external impacts of the COVID-19 pandemic and the war in Ukraine, while critiquing the government's ongoing investment in large-scale projects amidst financial instability. The conversation also highlights the implications of Egypt's significant debt to the IMF and the skepticism surrounding the ambitious construction of a new administrative capital.
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