Egyptians are anticipating the largest wage increase of its kind, 50%, recently announced by President Sisi. This is the second increase in less than a year - and its cost amounts to 180 billion pounds ($5.8 billion) The last increase in wages was 500 pounds, reaching 4,000 pounds last September, and it is the sixth in 5 years.
Banking and economic expert Sahar El-Damaty ruled out that the social package decision would be linked to another imminent decision related to reducing the pound.