The US dollar has surged in Egypt's parallel market, hitting new highs of EGP 50/1 USD for smaller amounts and approximately EGP 55/1 USD for larger sums, marking a significant disparity from the official rate of EGP 31/1 USD. This widening gap, now over 26.5 percent, suggests economic challenges ahead. Amid expectations of further devaluation after the upcoming presidential race, Egypt has grappled with failed attempts to curb the parallel market. The country has devalued its currency three times since March 2022, causing a depreciation of over 75 percent against the USD, attracting investors but also facing a severe US dollar liquidity crunch. To address this, the government aims to raise $191 billion by 2026 through measures like the IPO programme, incentives for foreign investors, and commitments to the IMF loan programme, emphasizing flexible exchange rates, private sector involvement, and economic acceleration.