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311440

The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution

Article

Last updated: 29 Dec 2024

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Tags

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Abstract

This research will shed light on the developments of the exchange rates in Egypt and display its different fluctuations throughout the years from 2011 revolution until 2022, which led to the increase in the prices because of the great dependency on the dollar in the Egyptian economy. As a result, an increase in the inflation rate was witnessed. In addition, this paper will also analyze 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 Egyptian government took many steps to solve the dollar crisis and ease the problem of the foreign currency shortage.The paper shows that the industrial and agricultural sectors have been affected negatively, as the restrictions on imports raised the prices of imported raw materials and soil fertilizers, which caused shortages and increased their prices.

DOI

10.21608/msamsj.2023.225624.1020

Keywords

exchange rates, Inflation, Imports

Authors

First Name

Amal

Last Name

Soliman

MiddleName

-

Affiliation

msa

Email

aasoliman1@msa.edu.eg

City

-

Orcid

0000-0002-4016-1410

First Name

Islam

Last Name

Azzam

MiddleName

Abdel Azim

Affiliation

The American University in Cairo

Email

iazzam@aucegypt.edu

City

Cairo

Orcid

-

First Name

Ahmed

Last Name

El Ahmar

MiddleName

-

Affiliation

-

Email

ahmed.adel38@msa.edu.eg

City

-

Orcid

0000-0002-4016-1410

Volume

2

Article Issue

3

Related Issue

42575

Issue Date

2023-08-01

Receive Date

2023-07-27

Publish Date

2023-08-01

Page Start

99

Page End

111

Print ISSN

2974-3028

Online ISSN

2974-3036

Link

https://msamsj.journals.ekb.eg/article_311440.html

Detail API

https://msamsj.journals.ekb.eg/service?article_code=311440

Order

311,440

Type

Original Article

Type Code

2,535

Publication Type

Journal

Publication Title

MSA-Management Sciences Journal

Publication Link

https://msamsj.journals.ekb.eg/

MainTitle

The Impact of Dollarization on the Agricultural and Industrial Sectors in the Egyptian Economy Post the 2011 Revolution

Details

Type

Article

Created At

29 Dec 2024