News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
22
o
Mount Lebanon
22
o
Metn
22
o
Keserwan
22
o
North
23
o
South
22
o
Bekaa
20
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Zaman
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
22
o
Mount Lebanon
22
o
Metn
22
o
Keserwan
22
o
North
23
o
South
22
o
Bekaa
20
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Economic Parallels and Challenges: Lebanon and Egypt
News Bulletin Reports
2024-02-03 | 10:49
High views
Share
Share
2
min
Economic Parallels and Challenges: Lebanon and Egypt
The economic situation in Lebanon and Egypt is similar, albeit with different causes. The exchange rate for the dollar, officially around 31 pounds, while the black market rate exceeds 70 pounds. This gap coincides with the due obligations and installments of external debts estimated at around 42.3 billion dollars, marking Egypt's largest external debt due in a single year.
But where does Egypt get all these dollars? It faces declining revenues for several reasons, including a decrease in the income from the Suez Canal due to the confrontation in the Red Sea, which provides Egypt with the largest revenues in hard currency.
Like any crisis, traders are ready to exploit the situation unlawfully, whether by hoarding greenbacks, gold, or even food and medicine to later sell them at inflated prices.
Here, the Egyptian government is attempting to control the situation through raids on hoarders, including money changers and merchants. Simultaneously, Egypt is trying to revive a previous loan from the IMF, from which it has not received all its installments totaling 3 billion dollars.
Days ago, the IMF announced progress with Egypt regarding the financing package to resume disbursements. However, this step is tied to Cairo complying with the IMF's conditions, the most important of which include:
-
Withdrawal of the government and the military institution from non-strategic economic sectors, a move opposed by officials in the military institution according to The Economist.
-
Selling a portion of state assets.
-
Liberalizing the official exchange rate of the dollar against the pound.
All this comes amid circulating talks of offers made to Egypt to write off its debts, or parts of them, such as receiving Gazan Palestinians, for example. Will the troubled state resort to such an option? Or will Egypt's allies, particularly Arab ones, come to its rescue once again?
News Bulletin Reports
Lebanon
Egypt
Economy
Next
Israeli Cabinet Seeks Unified Position on Prisoner Exchange Deal
Possible conflict with Lebanon: Israel braces for northern front amid Gaza ceasefire talks
Previous
Related Articles
d-none hideMe
0
News Bulletin Reports
2024-04-23
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
News Bulletin Reports
2024-04-23
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
0
News Bulletin Reports
2024-03-07
Egypt's Exchange Rate Liberalization: Lessons for Lebanon?
News Bulletin Reports
2024-03-07
Egypt's Exchange Rate Liberalization: Lessons for Lebanon?
0
News Bulletin Reports
2024-03-07
Combatting Money Laundering: Lebanon's Efforts in the Cash Economy
News Bulletin Reports
2024-03-07
Combatting Money Laundering: Lebanon's Efforts in the Cash Economy
0
Lebanon Economy
2024-02-17
S&P maintains negative outlook on Lebanon's local currency ratings, citing Israel-Hamas war's impact on security, economy
Lebanon Economy
2024-02-17
S&P maintains negative outlook on Lebanon's local currency ratings, citing Israel-Hamas war's impact on security, economy
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:28
Lebanon faces the imminent risk of being placed on the FATF grey list by late May
News Bulletin Reports
12:28
Lebanon faces the imminent risk of being placed on the FATF grey list by late May
0
News Bulletin Reports
12:25
Global student protests: Will mounting pressures contribute to halting the Israeli war on Gaza?
News Bulletin Reports
12:25
Global student protests: Will mounting pressures contribute to halting the Israeli war on Gaza?
0
News Bulletin Reports
12:21
Israeli negotiators brace for tough talks: Gantz threatens coalition split over Hamas captive-exchange deal
News Bulletin Reports
12:21
Israeli negotiators brace for tough talks: Gantz threatens coalition split over Hamas captive-exchange deal
0
News Bulletin Reports
12:20
Brink of a breakthrough: Riyadh emerges as global focal point for Gaza ceasefire negotiations
News Bulletin Reports
12:20
Brink of a breakthrough: Riyadh emerges as global focal point for Gaza ceasefire negotiations
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2023-08-30
US Senior Advisor Amos Hochstein and Lebanese Armed Forces Commander Discuss Security Partnership
Lebanon News
2023-08-30
US Senior Advisor Amos Hochstein and Lebanese Armed Forces Commander Discuss Security Partnership
0
Lebanon News
2024-04-25
Ethiopian Airlines plane lands in Beirut with 'Tel Aviv' marking: Civil Aviation Directorate
Lebanon News
2024-04-25
Ethiopian Airlines plane lands in Beirut with 'Tel Aviv' marking: Civil Aviation Directorate
0
World News
2023-09-19
Azerbaijan announces the launch of ‘counter-terrorism operations’ in Nagorno-Karabakh
World News
2023-09-19
Azerbaijan announces the launch of ‘counter-terrorism operations’ in Nagorno-Karabakh
0
Lebanon News
2024-04-05
Nasrallah: The threat of war on Lebanon did not halt confrontations, as the front in Lebanon remains and is linked to Gaza
Lebanon News
2024-04-05
Nasrallah: The threat of war on Lebanon did not halt confrontations, as the front in Lebanon remains and is linked to Gaza
Videos
d-none hideMe
0
Lebanon News
05:04
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
05:04
University Students Organize Solidarity Protest for Palestine (VIDEO)
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
12:28
Lebanon faces the imminent risk of being placed on the FATF grey list by late May
News Bulletin Reports
12:28
Lebanon faces the imminent risk of being placed on the FATF grey list by late May
2
Lebanon News
15:58
Arafat Tfayli to LBCI's Vision 2030: Cancer rates in Lebanon are higher than in neighboring countries
Lebanon News
15:58
Arafat Tfayli to LBCI's Vision 2030: Cancer rates in Lebanon are higher than in neighboring countries
3
Lebanon News
04:32
Ziad Makary to LBCI: Frangieh himself decides whether to withdraw or not from the presidential race
Lebanon News
04:32
Ziad Makary to LBCI: Frangieh himself decides whether to withdraw or not from the presidential race
4
Israel-Gaza War Updates
09:54
US military's pier in Gaza to cost $320 million
Israel-Gaza War Updates
09:54
US military's pier in Gaza to cost $320 million
5
Israel-Gaza War Updates
09:44
British Foreign Minister: Proposal submitted to Hamas includes ceasefire in Gaza for 40 days
Israel-Gaza War Updates
09:44
British Foreign Minister: Proposal submitted to Hamas includes ceasefire in Gaza for 40 days
6
Lebanon Economy
02:29
Fuel prices drop across Lebanon
Lebanon Economy
02:29
Fuel prices drop across Lebanon
7
News Bulletin Reports
12:21
Israeli negotiators brace for tough talks: Gantz threatens coalition split over Hamas captive-exchange deal
News Bulletin Reports
12:21
Israeli negotiators brace for tough talks: Gantz threatens coalition split over Hamas captive-exchange deal
8
Middle East News
00:11
US CENTCOM thwarts Houthi 'threats' in Red Sea: Intercepting ballistic missiles and UAVs
Middle East News
00:11
US CENTCOM thwarts Houthi 'threats' in Red Sea: Intercepting ballistic missiles and UAVs
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More