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00:00 67 million Egyptians are heading to the ballot box to cast their votes in the presidential
00:07 elections in Egypt.
00:08 These are the elections that started today, specifically.
00:09 It will be from December 10 to December 12, as the primary results will be announced on
00:20 December 18 of this month.
00:24 But despite the Egyptian citizens' views towards these elections, we see economic crises
00:32 that continue to prolong the Egyptian economy.
00:35 Let's focus on the most important economic issues that are currently on the Egyptian
00:40 street.
00:41 We are talking about inflation, although it has been declining.
00:44 It has recently declined in November to the level of 34.6 percent, but it is still high.
00:51 We are also talking about the annual inflation in November, which was paid for by a large
00:57 increase in the prices of food and drinks, which is 64.5 percent.
01:02 On the other hand, we also had an increase of 71.3 percent in October.
01:06 This is what we see after the recession, but the levels are still high for inflation in
01:11 the Egyptian economy.
01:12 On the other hand, we have the crisis of the rise in foreign debt, which reached the first
01:17 quarter of this year.
01:18 It is estimated to be 165 billion dollars.
01:21 According to official data, the estimated value of the debts owed to the Egyptian government
01:30 is 29.2 billion dollars in the coming year, 2024.
01:33 We must also talk about the crisis of foreign currency, and the decrease in foreign currency
01:39 in the country.
01:40 We are talking about the foreign reserve, which recently exceeded 35 billion dollars
01:46 for the first time in 17 months.
01:48 These levels have reached, but this crisis may still be recurring, especially in light
01:53 of what we have seen from the impact of the coronavirus pandemic, as well as the Russian-Ukrainian
01:59 war, and what we have seen from the collapse of the economy.
02:03 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:09 billion dollars.
02:10 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:14 billion dollars.
02:15 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:19 billion dollars.
02:20 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:24 billion dollars.
02:25 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:29 billion dollars.
02:30 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:34 billion dollars.
02:35 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:40 billion dollars.
02:41 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:45 billion dollars.
02:46 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:50 billion dollars.
02:51 We are also talking about the crisis of foreign currency, which has recently exceeded 35
02:55 billion dollars.
02:56 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:00 billion dollars.
03:01 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:05 billion dollars.
03:06 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:10 billion dollars.
03:11 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:15 billion dollars.
03:16 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:20 billion dollars.
03:21 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:25 billion dollars.
03:26 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:30 billion dollars.
03:31 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:34 billion dollars.
03:35 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:37 billion dollars.
03:38 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:39 billion dollars.
03:40 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:41 billion dollars.
03:42 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:43 billion dollars.
03:44 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:45 billion dollars.
03:46 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:47 billion dollars.
03:48 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:49 billion dollars.
03:50 We are also talking about the crisis of foreign currency, which has recently exceeded 35
03:51 billion dollars.
03:52 We are also talking about the crisis of foreign currency, which has recently exceeded 35
04:13 billion dollars.
04:39 [BLANK_AUDIO]