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A Dollar Crisis Threatens Egypt's Economy

Mar 10, 2016 | 09:30 GMT
Cairo's erratic approach to its economic problems has citizens concerned and doubting its decision-making.
Cairo's erratic approach to its economic problems has citizens concerned and doubting its decision-making.
(MOHAMED EL-SHAHED/AFP/Getty Images)

Competition among Egyptian companies and consumers for what is left of a dwindling dollar supply has put strain on the Egyptian pound. The black market rate for the currency, which has been rising steadily since early 2015, is now between 9.6 and 9.8 Egyptian pounds to the dollar. ...

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