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November 3, 2016       Share:    

Source: http://www.aljazeera.com/news/2016/11/egypt-central-bank-devalues-currency-48-percent-161103084641123.html

Egypt Devalues Its Currency to Meet IMF Demand for $13 Billion Loan

(Al Jazeera) Egypt devalued its currency by 48% on Thursday, meeting an important demand set by the International Monetary Fund in exchange for a $13 billion loan over three years to overhaul the country's economy.

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