Is Egypt devaluing its currency anytime soon? ...Egypt

Speculations have gone viral about the possibility of Egypt devaluing its own currency, despite Egyptian President Abdel Fattah al-Sisi asserting during the latest youth conference in Alexandria weeks ago that the state will not take decisions related to the exchange rate that would negatively affect citizens. A researcher at the Egyptian Center for Strategic Studies, Mohamed Shady, wrote on his official Facebook page, “If you expect devaluation today in the Egyptian pound, I do not think it will happen, although I assure you that this is the right decision economically.” “The administration is biased towards the social aspect of the decision, and I believe it is in a direction to keep the p

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