Egypt’s currency devaluation fuels debate
The article reports the recent Devaluation of Egyptian Pound in wake of depleting Foreign Exchange reserves with Egypt.
Topics include Devaluation, Fixed Exchange Rate system, Balance of Payments and Effects of Devaluation on the International Trade and economic Growth of the country. Discuss the causes and the expected effects of Currency Devaluation in a struggling economy using the Exchange Rate diagrams.
Evaluation with cover impact on Economic Growth, Inflation related to inelastic nature of Imports, Terms of Trade, Balance of Payments, Domestic producers, consumers and rising Fiscal Deficits faced by the Government.