ABSTRACT
There exists some sort of reciprocal relation between the monetary system of any organised community and its general economic structure. The monetary system is at once conditioned by, and itself a condition of, economic organisation. A striking feature of the economic life of Egypt has, for more than a century past, been the predominant role of the political executive. An era of great changes in the economic and social structure commenced. The efforts of a company of enterprising Egyptians, associated with Banque Misr, have aroused “unabated enthusiasm” for business ventures, with a view to restoring equilibrium between Egyptian and foreign interests. The industrial and trade and transport units run by Egyptians are usually those which require little capital and small-scale organisation. In consequence, Egyptian business is largely a one-man or a family concern, with very limited resources. A mention, however, must be made of the recent incursion of Egyptian elements into large-scale business.
