In today’s moribund Egyptian economy, a man who calls himself Youssef has become a crucial component to keeping the wheels of commerce turning.
His business is furtive, his source of funding unknown and he’s so secretive about what he does that taking his photograph or publishing his full name is forbidden. He carries wads of cash.
Youssef is a black-market money dealer, selling dollars for Egyptian pounds at a markup. With the Egyptian government desperate to keep dollars in the country, banks are limited in how many they may let their clients have. People who need dollars are willing to pay Youssef more to get them.
He’s become one of the few sources of unlimited capital in Egypt’s flailing economy.Amina Ismail / The Miami Herald
Read more here: http://www.miamiherald.com/2013/03/28/3311572/as-egypts-foreign-currency-reserves.html