Iran Press/ Africa: The Iran Press correspondent in Cairo, being present in one of the markets of the Egyptian capital, depicted the critical state of the country's economy in an interview with some people and sellers.
The economic situation of Egypt is facing a crisis as a result of the devaluation of the Egyptian pound (EGP).
The value of the Egyptian pound against foreign currencies has decreased by more than 170% compared to the same period last year, and this has caused the price of goods and services to increase.
As a result of the unprecedented increase in prices, such as the price of fruit, food, fish, and meat, Egyptian markets have faced a decrease in customers, and this issue has brought concern and dissatisfaction to sellers and people.
In an interview with Iran Press correspondent, a number of people and sellers in one of Cairo's local markets expressed their displeasure about the increase in the price of basic goods.
Ahmed Metoli, a fruit and vegetable seller in the Boulaq district of Cairo market, told Iran Press correspondent that the prices have increased significantly compared to last week and caused a severe stagnation in the sale of products.
This Egyptian seller stated, for example, the price of a kilo of tomatoes was 8 pounds last week, but now the price of a kilo of this product has reached 15 pounds.
Heba Arafa, an Egyptian housewife, also told Iran Press correspondent that the price of commodities such as vegetables and fruits has increased a lot compared to the past, and people are facing problems in buying them."
207
Read more:
Egyptian president, Russian delegation discuss economic relations
