Published by
Al-Araby
Al-Araby
While the Egyptian government recently imposed controversial economic policies, prices of basic commodities witnessed unprecedented hikes as the holy Muslim month of Ramadan kicked off, sparking a state of unease among low-income households in the country. On March 21, the Egyptian pound had plunged around 17% in its value against the US dollar, following a rise in inflation and a rise in prices across different aspects of life, especially food. The pound has been trading at 18.32 Egyptian pounds to the dollar at banks on Monday after it had been valued at 15.77 before the recent flotation of …