Egypt Stocks Soar as Bonds Rally on Currency Float

The central bank has decided to let the currency float to address a dollar shortage, a move that was somewhat unexpected. This decision is part of broader economic measures, including a flexible exchange rate and potential lifting of fuel subsidies, following an agreement with the IMF. Concerns about inflation are high, with projections suggesting it could reach 20%. The government is considering measures to mitigate inflation's impact, such as building commodity stockpiles and managing price increases, amidst public protests over rising costs.

How is the government planning to stabilize the economy amidst rising prices?

What concerns do people have regarding the price increases and their wages?