In light of Tarek Amer’s remarks yesterday, economists are anticipating a devaluation this fiscal year, Reuters’ Asma Alsharif writes. "I think that this is something that would have to happen to preserve the country’s FX resources that are currently declining as we have seen in the net foreign assets," said Hany Farahat, economist at CI Capital. But another devaluation could up inflation if the CBE implements it early this year. Prime Holding economist Eman Negm thinks the CBE will wait until the first or early second quarter of the year to allow “inflationary pressures to be contained,” she said. "You can’t fix everything at the same time. You either need to structurally reform the economy or just maintain everything at a standstill for fear of very high inflationary pressures,” said one economist who asked to remain anonymous.