Starting in June, the cost of subsidized bread in Egypt will leap from 5 to 20 piasters, marking a 300% increase and the first of its kind since 1988.

The scarcity of dollars, the state of economic chaos, and the expected problems in repaying accumulated debts have prompted Sisi's regime to open the doors of banks to account holders without asking them about the source, even if in millions.

Bloomberg, along with credit rating agencies S&P and Moody's, released somber analyses regarding the Egyptian economic landscape in anticipation of the imminent fifth flotation of the Egyptian pound.

The Egyptian government is in a dilemma between implementing IMF demands to devalue the pound again during Ramadan, which will double prices and revive popular anger, or waiting until after Eid.

Over the years of his rule, Egyptian president Abdel-Fattah el-Sisi has attacked the January Revolution and blamed it for all the security and economic failures during his tenure.