The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution
Date
2023-08
Journal Title
Journal ISSN
Volume Title
Type
Article
Publisher
October university for modern sciences and Arts MSA
Series Info
MSA-Management science journal;ISSN 2974-3036 Volume: 2, Issue: 3, Year: 2023, pp. 99-111
Doi
Scientific Journal Rankings
Abstract
This paper will shed light on the fluctuations that happened to the
exchange rate in Egypt and from 2011post the 25th of January revolution
until 2022. The great dependency on the dollar led to high increase in prices
and rise in the inflation rates. In addition, this paper will analyse 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 findings showed that the restrictions
on imports raised the prices of imported raw materials and soil fertilizers,
which caused shortages and increased the prices of both agricultural and
industrial products.
Description
Keywords
Dollarization; Exchange Rate; Inflation; Industry; agricultural Sector