In 2016 and 2022, Egypt (with over 100 million people) drastically devalued its currency by half relative to the dollar at the bidding of the IMF, forcing people to see both their savings and ongoing wages (denominated in local currency) lose value.
factualpending
Speaker
Len AldenEvidence Quote
“in 2016 Egypt home to over 100 million people drastically devalued its currency by half relative to the dollar and repeated this devaluation again in 2022...not only do people see their savings lose value but their ongoing wages...also suffer”
Created: 8/12/2026, 2:29:46 AM
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