On the 12th of May, US Treasury Secretary Janet Yellen wrote: ‘If Congress does not raise the debt ceiling, we face economic and financial catastrophe. It is vitally important that we make sure it gets done”. Yellen is an experienced economist who previously was the 15th chair of the US Federal Reserve. She repeated her […]
The PDM government is facing intense public anger due to the severe currency crisis, and the resulting inflationary storm. To calm the public, the government has announced that the Finance Minister, Miftah Ismail, has been replaced by Ishaq Dar, who has been given the task of stabilizing the value of the Rupee. However, this step […]
Question: The Egyptian market is witnessing a significant rise in prices, and the Central Bank devalued the pound. The state announced its intention to hold a national dialogue with all parties, and released three thousand prisoners. What is the reality and causes of this economic crisis in Egypt?
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