Cairo and Egypt's love for the dollar: poor, rich, streets of Cairo

Published: 26 May 2024
on channel: Trip with Andrew
2,110
10

But let's take a walk through the streets of Cairo and see with our own eyes what the capital of Egypt looks like today. Before you is an amazing walk through the streets of Cairo.

My instagram -   / andreyaprel  
My instagram -   / andreyaprel  
My instagram -   / andreyaprel  

The dollar occupies a special place in the lives of Egyptians. It is a symbol of stability and prosperity in a country whose economy often faces challenges. Traders at the market readily accept dollars, sometimes preferring them to the local currency. This shows how dependent Egypt is on the global economy and especially on the United States.

These observations raise questions about the future of Egypt. Recently, there has been more and more talk about the country joining the BRICS (Brazil, Russia, India, China and South Africa). This consolidation of emerging economies could be a new vector for Egypt's pursuit of economic stability and growth, bypassing the dollar. Joining BRICS could reduce dependence on the dollar and open up new opportunities for cooperation with other countries.

#egypt #Cairo #BRICS


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