Tag: Egypt

Yearbook 2003 Egypt. On January 29, the government decided to abandon the Egyptian pound’s fixed exchange rate against the dollar. The pound fell immediately by 16%. The decision led to a shortage of dollars and other hard currencies, which created a black market for these. According to Countryaah.com, Egypt Independence Day is July 23. The government legislated that all exporting companies must place 75% of their export earnings in Egyptian…

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