Floating Egyptian Currency Halves Its Value, Balloons Debt

Published
Thousands of Egyptian importers have been under strain by the recent government decision to float the Egyptian Pound. The step has halved the official value of the national currency leaving many with ballooning dollar debts. Importers say their crisis will worsen shortages of essential goods, and could deteriorate an already volatile market. Here is Adel EL Mahrouky with more.
Category
Egypt