Egypt Seeks $3.2 Billion Loan From I.M.F. - 2 views
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Gunnhildur Omarsdottir on 24 Jan 12The article is discussing the effect on recent in events in Egypt on their exchange rate. The exchange rate has devalued drastically in the last year and economists say that a further devaluation will almost be inevitable, as it is likely to cause a very bad inflation as well as further social unrest. The reason for the devaluation in the currency is reduced demand for the currency, for example there are much fewer tourists in Egypt now that have been before.