The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution
Soliman, A., Azzam, I., El Ahmar, A. (2023). The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution. EKB Journal Management System, 2(3), 99-111. doi: 10.21608/msamsj.2023.225624.1020
Amal Soliman; Islam Abdel Azim Azzam; Ahmed El Ahmar. "The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution". EKB Journal Management System, 2, 3, 2023, 99-111. doi: 10.21608/msamsj.2023.225624.1020
Soliman, A., Azzam, I., El Ahmar, A. (2023). 'The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution', EKB Journal Management System, 2(3), pp. 99-111. doi: 10.21608/msamsj.2023.225624.1020
Soliman, A., Azzam, I., El Ahmar, A. The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution. EKB Journal Management System, 2023; 2(3): 99-111. doi: 10.21608/msamsj.2023.225624.1020

The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution

MSA-Management Sciences Journal
Volume 2, Issue 3, August 2023, Page 99-111  XML PDF (437.73 K)
Document Type: Original Article
DOI: 10.21608/msamsj.2023.225624.1020
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Authors
Amal Soliman email orcid 1; Islam Abdel Azim Azzam2; Ahmed El Ahmar email orcid
1msa
2The American University in Cairo
Abstract
This research will shed light on the developments of the exchange rates in Egypt and display its different fluctuations throughout the years from 2011 revolution until 2022, which led to the increase in the prices because of the great dependency on the dollar in the Egyptian economy. As a result, an increase in the inflation rate was witnessed. In addition, this paper will also analyze the impact of dollarization on the various sectors in the Egyptian economy, namely the agricultural and industrial sectors and display the dependency of those sectors on the value of the Dollar. The Egyptian government took many steps to solve the dollar crisis and ease the problem of the foreign currency shortage.The paper shows that the industrial and agricultural sectors have been affected negatively, as the restrictions on imports raised the prices of imported raw materials and soil fertilizers, which caused shortages and increased their prices.
Keywords
Exchange Rates; Inflation; imports
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