It was coincidence that the historical city of Alexandria was flooded by heavy rain at the time the government is thinking about floating exchange rates of the Egyptian pound. Both governors of Alexandria and the Central bank resigned at the same time as well.
Governor of Alexandria denied his resignation hours before it was confirmed. The governor of the central bank did his best to save the Egyptian economy, but governor of Alexandria didn’t do his best to prevent the disaster and had to leave.
Several officials had to leave after the crisis of the heavy rain, and I believe that Egypt should have saved the water and used them. Why don’t we plan for our future?
Floating exchange rate should raise the prices more and more. Therefore, many people offered solutions to the crisis by preventing the import of unnecessary goods and cultivate certain plants. However, the governor of Alexandria was busy thinking with his wife about decorations of his office rather than preventing such crisis.
Our future is in danger since we don’t plan for it. Egypt will still be suffering between floating exchange rate and the flooding of our historic cities until we find somebody who can turn such natural disasters into useful events, and use them for the good of the Egyptian people. We need somebody who can think this way.
