Will Ras Al-Hikma revenues end the dollar scarcity crisis in Egypt?. Will the “Ras El Hekma deal’ allow this gap to be covered? Egypt is suffering from pressures related to its public debt at about 42 billion dollars.
If the deal will be hijacked, an attempt in an attempt to compensate for the external deficit will be made. The foreign exchange crisis is expected to continue during the coming period, unless the external debt crisis is resolved. It is expected that the foreign assets deficit will remain at best $16 billion, and may increase.