This article is in continuation of our previous article
49 Egyptian pounds to one dollar.
Until a few days ago, the rate was about 30 Egyptian pounds to one dollar.
The Houthis who caused a dramatic decrease in the number of ships passing through the Suez Canal (a major source of income for Egypt) are shaking Egypt’s already fragile economy.
Another reason that should worry the West and encourage it to remove the Houthi threat in the Red Sea. The Saudis, who share a common border with the Houthis, will be really happy.
