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Asharq Al-Awsat
Asharq Al-Awsat
World
Cairo - Asharq Al-Awsat

Egypt Government Moves to Control Currency Exchange Rate

United States US Dollar central bank International Monetary Fund Mostafa Madbouly Cairo
Egyptian Prime Minister Mostafa Madbouly during a press conference at Alexandria port. (Egyptian government)

The Egyptian government pledged to “control the market,” stressing that the US dollar crisis is on its way to being resolved. 

It has also sought to crack down on currency dealers in the “black market.” 

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