A fresh depreciation of the Egyptian currency against the dollar is expected.

The Financial Times published a report on "Egypt faces its worst foreign exchange crisis in years" and how instability in the Egyptian dollar exchange rate affects the industrial sector, as well as import financing. Attract investors amidst the Egyptian government and current misery.

In a note from Cairo, Haibasaleh warned traders that uncertainty over Egypt's exchange rate is stifling businesses and hampering their ability to plan and invest at a time when the country is facing its worst foreign exchange crisis in years.

The devaluation of the Egyptian pound, which began last March and halved the value of the Egyptian currency, failed to boost foreign exchange inflows, the report said.

Economists and business leaders say another depreciation is expected. But the shortage of dollars led to the emergence of a black market in foreign exchange.
Putin's absence could lead to political instability, which could lead to armed conflict in Russia.

Also in The Guardian, we read an article about the possibility of Putin disappearing from the Russian political scene and the need for Europe to prepare for a post-Putin era in Russia.

Putin's absence could lead to political instability that could lead to armed conflict in Russia, according to authors Alexander Clarkson and Karel Shim. He called for a strategy to prevent such effects.

The article pointed out that the war in Ukraine, like the war in Chechnya in the 1990s, has caused enormous pressure on Russia's national stability. It is therefore important that EU member states and institutions start planning a range of scenarios for post-war and post-Putin Russia.

These include the instability of Russia's political system, which may even lead to armed conflicts in the country. To protect Europe's collective interests, including in Ukraine, the EU needs a strategy that actively encourages democracy in the face of any future unrest that engulfs Russia, but it is unlikely to do so now.

The Kremlin has long rejected the European Commission as a global player, using a divide-and-conquer policy among European countries to tear apart the bloc's values-based unity. Russia has often pursued the goal of economic and political integration with the West while avoiding internal democratic reforms.

The article emphasized that any deeper EU engagement with Russia would facilitate a shift away from Russian imperialism and would be in the interest of all Russia's neighbors, even if Ukraine resents such engagement. go a head.

The EU has nothing to lose by launching a broader debate on democratic reforms in post-Putin Russia, as the current elite in Moscow will accuse the EU of meddling anyway.

But EU institutions must outline the detailed steps Russia's ruling elite must take as a strict condition of reopening trade, travel and investment with the rest of Europe. It should also provide incentives to attract Russian elites to Europe