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Dollar crisis, Egyptian pound’s devaluation the best thing to happen in Egypt in past 3 years: Elsewedy Electric managing director

Despite the decline in the value of the Egyptian pound against the US dollar in 2016 and the inflation rate reaching unprecedented levels, managing director of Elsewedy Electric Company, Ahmed Elsewedy, believes that this is the best thing that happened in Egypt throughout the past three years. In his interview with Daily News Egypt, Elsewedy …

Mohamed Farag

The difficult question of the dollar crisis

Many have raised questions about the reason behind the dollar crisis. Fortunately, financial analyst Nady Azzam explained the details behind this issue in an article on his page, which I quote here: The state’s dollar resources at the end of 2015 amounted to $58m, divided as follows: $22bn from exports $18bn in remittances from Egyptians …


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