Several international financial institutions and banks have predicted a new devaluation of the Egyptian pound against the dollar. The Swiss international bank "Credit Suisse" expected it to fall again by up to 25% from the current price on the black market.
Prime Minister Mostafa Madbouly stressed that "pumping investments will save hard currency for the country, and then there will be no crisis in the country" The Egyptian pound has lost more than 50% of its value at official prices, and more than 75% on theblack market.