Close

Egyptian pound no longer floating against U.S. dollar

When Egypt decided to uncouple the Egy pound against U.S. dollar, did it make the wealthy more rich? The last time I was in Egypt the U.S. dollar bought around 6 l.e. now it's around 18 l.e. For a foreigner from U.S. this made an easy decision to visit Masr again for me. But for people living here, did their quality of life change? I know Egypt is still subsidizing food staples otherwise their would be unrest, but did it attract more tourists? And did it invite back Ex-Pat Egyptians to return back to Egypt? Just curious because I wouldn't mind retiring here and investing in an retirement flat in Alexandria. Just wanted to get other thoughts about the current economy and quality of life here.

I can only say that poverty line has been raised and that caused more business being closed specially small to medium ones
If you can manage your investment here in Alexandria that would be great but quality of life is not good

I definitely notice people are happy.  People used to be much friendlier but I don't see it. I was at Al Fishawy in Cairo Hussein and didn't see a lot of tourists. I would hope that Egypt can do more to boost the tourism industry.  I read in the news, Sisi met with Trump at the White House, so money maybe coming to Masr.

New topic

Expatriate health insurance in Alexandria

Free advice and quotation service to choose an expat health insurance in Alexandria

Moving to Alexandria

Find tips from professionals about moving to Alexandria

International Wealth Management in Alexandria

Get advice from well-reputed and experienced international wealth managers regarding your financial affairs in Alexandria

Travel insurance in Alexandria

Enjoy stress-free travel to Alexandria

Flights to Alexandria

Find the best prices for your flight tickets to Alexandria