Egypt's Top Trade Is a Sure Loser

The video discusses the severe dollar shortage in Egypt, where companies are buying shares in local currency and selling them in London for dollars. This trade is legitimate and appealing due to the lack of alternatives. The Central Bank's capital controls and the economic challenges, including declining revenues from the Suez Canal and tourism, are highlighted. The video also covers the hesitancy of foreign investors due to expected currency devaluation and the spread between official and black market exchange rates.

What impact has the decline in global trade volumes had on the Suez Canal's revenue?

Why are portfolio investors hesitant to invest in Egypt?