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Egypt in Deep Trouble - WTF is Going On? Pound Devaluation, Inflation Soars, $43BN Emergency Bailout - Joe Blogs
Egypt has been in FINANCIAL CRISIS since Russia's invasion of Ukraine resulted in the price of commodities such as Oil & Wheat to Skyrocket. Egypt is a NET IMPORTER and has a negative Balance of Trade. The country is short of US DOLARS and imports recently stopped as the country was unable to pay meaning that it was facing potential BANKRUPTCY. Egypt is already one of the IMF's largest Borrowers and asked for an emergency BAILOUT. In this video I provide more details of the situation and discuss what is likely to happen to Egypt.
Chapters:
0:00 Intro
3:48 EGYPT
4:49 BALANCE OF TRADE
7:36 EGYPTIAN POUND
13:02 INFLATION
15:28 FOOD INFLATION
16:44 INTEREST RATES
18:36 IMF DEBT
20:20 UAE LAND DEAL
21:41 SUMMARY & CONCLUSION