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السبت أكتوبر 19, 2024 6:01 pm
In any conversation with Egyptians in recent months, one cannot avoid discussing the rapid and daily rise in prices of food and basic commodities, which sometimes change while one is in the same store. In recent weeks, the foreign currency crisis has led to the black market exchange rate exceeding double the official rate of 31 pounds to the US dollar. The economic and social rights of millions of Egyptians, including the right to food and a decent standard of living, are at risk due to inflation that has reached a record high of 40% in recent months. All of this is just a small part of Egypt’s deepening and protracted economic and financial crisis. Worse still, there seems to be no plausible way out of the crisis. Although the war between Israel and Hamas in Gaza has diverted some attention from the severe crisis in Egypt, the government of President Abdel Fattah el-Sisi has resorted to what it does best: desperate tactics to buy time, without addressing the root causes of the crisis, and to enter a vicious and continuous cycle of failure. This was the case, for example, when the government, sensing a clear rise in public discontent, moved the presidential election forward to December 2023 from its original March 2024 date, despite not giving any individual or group the opportunity to run fairly. In January, the People’s Assembly quickly approved a government-proposed law that gives the military, the country’s de facto ruler, greater authority to try civilians in military courts for wide-ranging economic crimes and any other crimes the president deems to undermine “national security requirements,” adding to a backlog of arbitrary laws that courts use to punish dissent, extort wealth, and pressure big business interests to cede market share to the military. Sisi has recently seemed nervous. On September 30, drawing a comparison to the “Great Chinese Famine” that killed millions in the last century, Sisi literally told Egyptians that it was acceptable for them to starve or die in order to achieve his vision of progress and prosperity. There is only one reason behind his feeling of tension, which is that the very hypothesis of Sisi’s rule is crumbling before his eyes.
Kashf Al-Haqaiq Weekly Magazine Editor-in-Chief Jaafar Al-Khabouri
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