The really sad thing about constant currency devaluation throughout the world is that it benefits those who have the most access to cheap credit at the expense of those who do not.
People on the lowe...
Global firms would use the villa as mortgage to take another loan with low interest rate to buy another villa etc.
Thanks for informing us about the currency sotuation in Egypt.
A question if i may. Are there any significant benefits for Egyptian exports coming from the devaluation or is just shrinking the economy?
Thanks for informing us about the currency sotuation in Egypt.
A question if i may. Are there any significant benefits for Egyptian exports coming from the devaluation or is just shrinking the economy?