Still in a difficult transition period following its revolution, Egypt’s politics are in a state of flux. One of the most persistent challenges over the past two years has been maintaining currency stability, and the intricately linked issue of the depleting foreign currency reserves. The Central Bank of Egypt’s (CBE’s) interventions have helped manage the Egyptian pound’s decline during that time but have also put pressure on foreign exchange reserves. However, emergency measures cannot be a long-term substitute for attracting more investment.