People want
Nuha Yousef
3 years ago
Egypt certainly has little options besides allowing its currency to continue weakening because the largest banks in the world claim that it is too expensive.
An Egyptian delegation has arrived in Switzerland to meet with a Chinese delegation to discuss swapping Chinese debt on Cairo for strategic assets.
The Russian war in Ukraine had put the Egyptian regime on a boiling surface as it continued, the economy plummeted, and the local currency collapsed.
Adham Hamed
Egypt's debt, which has increased sharply in the past decade, is set to reach record levels by the end of the year, as markets continue to feel the sting of the COVID-19 pandemic and the successive impact of Russia's war on Ukraine.
