Silver Is the New Gold' — Egyptians Try to Protect Savings 📅 Published on: February 8, 2024 In Egypt, the soaring prices and a declining currency have shifted a long-standing tradition. Traditionally, Egyptian women receive a gold jewelry set during their engagement, known as “shabka.” However, due to economic difficulties, with inflation over 30% and the currency losing half its value against the dollar, many are now receiving silver instead. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel Surge READ MORE Inflation Ticks Higher in January, Surpassing Predictions READ MORE How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE Evergrande's Liquidation: A Significant Turn in China's Property Crisis READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
