Monday 9 November 2015

Plane Crash Seen Adding to Pressure on Egypt to Devalue Currency - Bloomberg Business

Plane Crash Seen Adding to Pressure on Egypt to Devalue Currency - Bloomberg Business:

"The plane crash over Egypt’s Sinai peninsula couldn’t have come at a worse time for an economy already reeling from a dollar shortage and in dire need of emergency funding.
Growing evidence that a bomb downed the Russian Metrojet plane will have potentially ruinous implications for Egypt’s tourism industry. These charts illustrate why Egypt’s economy is ill-positioned to lose this vital source of hard currency.
Dollar Shortage

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