The liquidity of foreign currency has declined rapidly in Egypt since 2011 and this is coupled with a growing rationing of foreign currency and the development of the black market. Additionally, there has been a rapid increase in the external debt and the Central Bank has found it necessary to devalue the currency. Assess the effects of the currency devaluation on the Egyptian economy in terms of trade balance, inflationary pressures, FDI and credit rating. Use literature and data on Egypt.
To whom this might concern please pay close attention to the Theoretical frame work and the literature review as they carry the highest marking.
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