Egypt’s President Warns on Price Increases Stemming from Currency Devaluation

Egypt’s president sounded a warning about the impact of rising prices stemming from currency devaluations, saying the nation of 105 million won’t be able to tolerate too many more hikes.

When the impact of the foreign-exchange rate is taking a toll on Egyptians’ lives, the government can’t ignore it, Abdel-Fattah El-Sisi said at a conference in Alexandria.