A new “hot topic” has emerged in Egypt, which has forgotten the country’s geopolitical crisis in faraway Europe and even Russian tourists. However, because of the new problem, tourists will need the land of the pharaohs as never before. The fact is that in Egypt, “recorded” financial crisis – “one day the dollar rose by 2 pounds. and reached 17.5 Egyptian pounds,” – writes in his blog, an expat blogger living in Egypt. He warns that this is not the limit, and $ 1 can go up to 20 pounds.
“The government explained that this was a forced measure and immediately announced a package of financial and social protection for low-income families worth $ 130 billion. Simultaneously with the appreciation of the dollar. in Egypt, developed markets with socially significant goods, which are sold at reduced prices. They will work from today until the end of Ramadan. And also introduced strict control over rising prices in stores, “he said. He also warned that “Egypt has also stopped exporting some food and is preparing for a long crisis,” not the least of which may be the suspension of grain supplies from Ukraine and Russia.
So far, raising the dollar is beneficial for foreigners. However, it should be noted that last time the “bread” crisis was followed by the Arab Spring… Meanwhile, the increase in tourist supplies to Egypt is also not planned.