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Africa North
Cash-strapped Egypt allows currency to fall against dollar, hikes interest rates
2024-03-07
[IsraelTimes] Cairo’s central bank takes measures intended to combat inflation as country sees foreign currency shortages, takes hit from Israel-Hamas and Ukraine wars.
Posted by:trailing wife

#4  My calculations are that under Biden, the US Dollar has lost 20% of its value against other currencies around the world.
Posted by: Shoth Gratch3103   2024-03-07 21:05  

#3  Egypt Boosts Economic Stability With Expanded $8 Billion IMF Loan
Posted by: Grom the Reflective   2024-03-07 12:07  

#2  What does Egypt have to do with the Ukraine war, other than 'supplies' transiting the Suez. The rather closed Suez.

Imagine though a South Korean ship transporting explosive kimchi and about India find you have to do the Good Hope route.
Posted by: swksvolFF   2024-03-07 12:04  

#1  And Suez Canal traffic
Posted by: Frank G   2024-03-07 09:40  

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