The pundits spent most of last night discussing / bemoaning the weakening EGP, with some saying that they gave up refreshing their screens for fear of a higher USD / EGP rate with every click. See the full story in our Economy section, above. Elsewhere, the talking heads were discussing the skyrocketing price tags of new cars — where they’re even available.
More currency talk, but make it about cars: Importing cars will eventually become less complicated after the central bank’s recent scrapping of the L/Cs requirement, but the problem of not being able to secure greenbacks to pay for the imports persists, car importers told MBC Masr’s Sherif Amer (watchtime, runtime: 2:28). Auto sales slumped to a fresh low in November as the industry continued to face import restrictions.