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To safe the deal, Cairo floated its currency, launched new taxes, and reduce energy subsidies – all of which pushed inflation above 30% for most of 2017, a excessive that had not been seen in a technology. Egypt is essentially the most populous nation in the Arab world and the third most populous nation in Africa, behind Nigeria and Ethiopia. Most of the country is desert, so about 95% of the inhabitants is concentrated in a narrow strip of fertile land alongside the Nile River, which represents only about 5% of Egypt’s land area. Since the foreign money float, foreign investment in Egypt’s excessive curiosity treasury bills has risen exponentially, boosting both dollar availability and central financial institution reserves. Egypt’s fast population progress – 46% between 1994 and 2014 – stresses restricted natural assets, jobs, housing, sanitation, schooling, and health car

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