The place where reasonable people debate things in a civilised way.
Forum rules
- no flaming
- no aggression

Black market currency

Postby Starky » Thu Mar 10, 2016 10:33 am ... orpor.aspx

c.9.60g to $1 is the worst exchange rate, well, ever, I think. Government-mandated exchange rates have exacerbated the issue here. Some people are getting more euros than dollars now for their guineas. How did it happen?

The foreign exchange problem is a symptom of larger economic problems. Egypt's relative productivity is poor compared with other roughly similar emerging countries that compete in attracting foreign investment (multinationals and tech and stuff mainly). Important reasons for that include corruption, instability and excessive bureaucracy. An economic plan to boost production and exporters, bring back tourism and ultimately generate income in hard currency could happen, but the most pressing things to do now are to find the most corrupt and wipe 'um, then generally deregulate key areas, especially making the registration process for foreign businesses/visitors/employees slightly less excruciating.
Iakobus1 wrote:
smr wrote:This is a thread I wasn't sure was exactly suitable for the "Sports" forum :P

True, but we sadly don't have a "Furious Masturbation" forum.

Brainwave: we should have a "Furious Masturbation" forum.

Jose Mourinho wrote:The style of how we play is very important. But it is omelettes and eggs. No eggs - no omelettes! It depends on the quality of the eggs. In the supermarket you have class one, two or class three eggs and some are more expensive than others and some give you better omelettes. So when the class one eggs are in Waitrose and you cannot go there, you have a problem.

Spoiler: show
User avatar
Jeremy Kyle's Illegitimate Son, Soon To Be Emasculated On His Show
Posts: 2810
Joined: Mon Apr 13, 2009 8:41 pm
Highscores: 6

Forum Statistics

Who is online

Users browsing this forum: No registered users and 1 guest


Return to Reasonably Civilised Debate