Currencies

How to Tell When Egypt’s Next Currency Devaluation Is Coming

A foreign currency exchange bureau in the Nasr City district of Cairo in January.Photographer: Islam Safwat/Bloomberg

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By Michael Gunn

February 12, 2024 at 12:00 PM UTC

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Egypt is mired in a grueling economic crisis that’s left its 105 million-plus people gripped by uncertainty, but one thing seems all but assured: another currency devaluation is likely on the way.