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الشرق الأوسط
Egyptian cash categories face inflation challenges
Egypt is facing a crisis of inflation and rising prices, with a single outing with children costing more than 1,500 Egyptian pounds. The value of the currency has declined, and purchasing power has been affected. The Central Bank has denied issuing new banknotes, but experts expect the possibility of higher denominations being introduced in the future if the economic crisis persists and inflation worsens, which has recorded monthly inflation at 1.1% and annual inflation at 13.8%. The situation is worsening due to rising prices and the impact this has on citizens' livelihoods.
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