Damus
Lyn Alden · 140w
I just filmed a small thing with a local videographer in Egypt. I asked him how he protects his savings from the recent inflation, and he said gold and real estate. He does local work but tries to a...
Erik Hersman profile picture
Does Egypt have any issues with people having local bank accounts both in USD and Egyptian Pounds?

We see this same thing in Kenya (for those who can do international work), but they can also keep it in a local USD account. In places like Malawi that is not the case, so it makes it a lot more complicated.
2
Lyn Alden · 140w
It’s possible to get dollar accounts but it is hard. The wealthier you are, the less hard it becomes. And then of course there is a risk of the government deciding it needs those dollars and taking them.