STUDY AND ANALYSIS OF THE IMPAC‌T OF EXCHANGE RATE CHANGES ON SUSTAINABLE DEVELOPMENT AND A REFLECTION ON THE SIZE OF UNEMPLOYMENT IN EGYPT

Abstract

Egypt has witnessed a lot of economic decisions in the recent period, which aims at directing and correcting Egypt's economic path in order to achieve sustainable economic development. Hence the importance of the message and its importance in trying to know the impact of changes in the exchange rate on sustainable development and the impact of this impact on the size of unemployment in Egypt in an attempt to eliminate unemployment in Egypt and the preservation of human wealth and development as one of the most important social dimensions of sustainable development, Using the real analytical method using the recent data issued by the Central Bank of Egypt and the general mobilization and statistics system, which resulted in the following. The changes in the exchange rate have had a positive effect on the size of the monetary reserves after the decision to liberalize the exchange rate. The monetary reserves increased from 21 billion pounds in fiscal year 2016 to 31.3 billion pounds at the end of December 2017. Despite the effect of Seems to be positive, but the source of this increase in the volume of reserves remains the source of remittances of workers abroad and is not due to the increase of the export power of the country. The positive impact, which seems clear and positive as a result of changes in the exchange rate after the floating decision on the volume of foreign direct investment, but the reflection of this impact on the unemployment rate came negative as the rates of unemployment before the decision to float the exchange rate between 13.3% in 2013 / 2014 and then became 12.7% in the fiscal year 2014/2015 to reach 11.9% in fiscal year 2016/2017, ie after the decision to float, that the unemployment rate is still in the borders of security and accepted globally