الافلاس يحدث في انهيار ميزان المدفوعات او مايسمى ازمة العملة الوطنية
وهو عندما تتخلف دولة عند سداد دين او فوائده او عند عدم قدرتها شراء الاحتياجات الاساسية
مضاهره هبوط حاد للعملة يعقبه رفع للفائدة و يسبقة ويعقبه خروج للاستثمارات كم حدث منذ 2011 الى الان
فتنهار العملة الوطنية اكثر وهو مايحدث في مصر
وتحصل امور اخرى
ومصر فعليا لا تستطيع شراء احتياجاتها الفعلية مثل السكر و خلافه
Balance of payments crisis ]
Main article: Currency crisis
A BOP crisis, also called a currency crisis, occurs when a nation is unable to pay for essential imports and/or service its debt repayments. Typically, this is accompanied by a rapid decline in the value of the affected nation's currency. Crises are generally preceded by large capital inflows, which are associated at first with rapid economic growth.[30]However a point is reached where overseas investors become concerned about the level of debt their inbound capital is generating, and decide to pull out their funds.[31] The resulting outbound capital flows are associated with a rapid drop in the value of the affected nation's currency. This causes issues for firms of the affected nation who have received the inbound investments and loans, as the revenue of those firms is typically mostly derived domestically but their debts are often denominated in a reserve currency. Once the nation's government has exhausted its foreign reserves trying to support the value of the domestic currency, its policy options are very limited. It can raise its interest rates to try to prevent further declines in the value of its currency, but while this can help those with debts denominated in foreign currencies, it generally further depresses the local economy.