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Social media storm over the Egyptian pound’s crisis

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Social media storm over the Egyptian pound's crisis, egyptian pound against dollar, black market, social media backlash, social media crisis, storm, negative comments, government, economy

Egyptian Pound reached a new low against dollar on the black market today, to hit EGP 13 per dollar, as talks about devaluation rise.

Official dollar exchange rate remained at EGP 8.88, however, the gap is almost 40% on the black market (and counting).

Social media outrage took place over the black market’s rate increase, some accused Jan 25 revolution, others accused Muslim Brotherhood, president Abel-Fatah El-Sisi and the current government of the tragic economy collapse.

Here’s some of the most retweeted tweets:

 

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