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Egyptian Devaluation – For Better or Worse?
At last, Egypt devalued its Pound. It has been expected for a long time, and the longer it was delayed, the more damage would the rampant black market have caused.
There is no devaluation without pain. But, if pain leads to eventual recovery, then, as medicine, it must be taken with courage and perseverance – the alternative would be a lot worse. Continue reading “Egyptian Devaluation – For Better or Worse?”