This summer witnessed the escalation of Egypt's economic problems, and these have now become hard to deny. The pound has kept on bleeding, and the problems have extended to the availability of the dollar and not just its high value in pound terms. (...)
The bitter reality of the current status of the Egyptian economy has left no space for claims that things are going fine. The currency crisis in Egypt is hard to hide or contain when the parallel market rate for the dollar is currently double the (...)
