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Fury over Egypt’s devaluation of currency

Egypt's Central Bank hike interest rates to protect Egyptian pound. (Via CCTV-Africa)

Karim Gamal el-Deen
Press TV, Cairo

Egypt’s central bank has devalued the country’s currency in an attempt to secure a $12 billion loan from the International Monetary Fund. Although the Egyptian authorities say it will help the country’s economy, the move has sparked angry reactions in the North African country. Press TV's Karim Gamal el-Deen has more from Cairo.


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