‘Easy on the Nuts’ as Dollar Crunch, Inflation Bite Ramadan
- Egypt raises interest rates to highest since at least 2006
- Officials worry that rising prices will stoke unrest
This article is for subscribers only.
Twelve people are seated around the dining table at Mokhtar Gamal’s house, their mouths dry and bellies empty after a day of fasting during the holy month of Ramadan. Platters of food fill the table, and all eyes are on the stuffed grape leaves that are his wife’s specialty.
Family and guests dig into plates heaped with rice, grape leaves and chicken breasts, washing it down with pitchers of juice. A smile is fixed on Gamal’s face, but his mind is on one thing: How much this feast costs.