[Politics] Sisi’s Likely Election Seen Paving Way For Egypt Devaluation

[Angel of Death]

Investors are all but certain they know what to expect out of Egypt’s barely-contested election: President Abdel-Fattah El-Sisi will win again, and then soon be forced to oversee a painful devaluation of the currency. As voters head to the polls in the world’s most-populous Arab nation, money managers are already bracing for what comes next. Egypt’s ailing economy has been propped up by tens of billions of dollars in aid from the International Monetary Fund and wealthy neighbors in the Gulf Cooperation Council.

https://www.bloomberg.com/news/articles/2023-12-11/sisi-s-post-election-moves-critical-for-egypt-s-troubled-markets