The indications of the looming devaluation of the Egyptian pound. Today the fx increased 6.4%... The central bank also allowed 25% rates for Certificate of Deposits.. Up from 16%... Probably a sign that the floating of the pound will be easily 1 USD to 30 something #EGP.. 34? 37? A7a
It's a bad situation that's getting worse...
#egypt #economy #a7a