Skip to main content

Here's how the latest US rate hike will impact Egypt's economy

A stronger US dollar will inevitably drive higher import costs, and subsequently prices, in the most populous Arab country, yet could eventually provide a boost to the local currency with an increase in exports.

People walk past a currency exchange shop displaying a giant US dollar banknote in downtown Cairo on Nov. 3, 2016.
People walk past a currency exchange shop displaying a giant US dollar banknote in downtown Cairo on Nov. 3, 2016. — KHALED DESOUKI/AFP via Getty Images

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

Access 1 free article per month when you sign up. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in