date:Mar 14, 2013
The Egyptian pound has lost more than 8 percent of its value against the U.S. dollar since the end of December as concern deepens about the state of the economy, which is being undermined by political instability and rioting.
This, along with a general rise in global food prices, has pushed up the amount which bakeries like Alif's have to pay for imported ingredients traded in dollars, which in turn risks feeding back into discontent with the new leadership.
The specter of steep food price inf