Egypt has experienced increasing price pressures in recent months and devalued its currency by 14% in March after facing economic headwinds from the war in Ukraine
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Egypt's Finance Minister Mohamed Maiit said the country's imports bill increased to $9.5 billion per month as a result of the Russia-Ukraine war, compared to $5 billion before the war, state news agency (MENA) reported on Monday.
Egypt has experienced increasing price pressures in recent months and devalued its currency by 14% in March after facing economic headwinds from the war in Ukraine.
(Reporting by Moataz Mohamed; Editing by Lisa Shumaker)
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