#currency devaluation
For years, foreign capital has poured into Egypt in waves, lured by high interest rates and government bonds promising quick returns. Foreign capital, often dubbed “hot money,” has become a double-edged sword in Egypt’s economic playbook, as the country faces repeated currency devaluations and surging inflation. “Hot money” describes the rapid movement of capital across international borders in pursuit of quick profits, often through investments in high-yield bonds, securities, and treasury bills. Unlike long-term investments, this capital is not anchored…
