04.
11.16
10:15

Egyptian pound to the commercial released

Egypt has released its currency trading last night. As a result, that wheat importers now is around 50% more expensive. This cut was probably to be expected, because there were many signs of the worsening of the economic crisis in the last few months already.
Now there will be probably no longer unlimited imports and the economic power of the country will further dwindle in the coming months. State food imports are likely to be handled but continue relatively normal because these are paid in US dollars. Also other currencies to sub-Sahara have been devalued this week room and also these countries can afford fewer imports.

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