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IMF urges Egypt to devalue its currency urgently

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Managing Director of the International Monetary Fund Christine Lagarde wants Egypt to devalue its currency urgently to remain on the right track of reforms. Currency devaluation is part of conditions Egypt needs to meet to access a 12 billion dollar loan from the IMF. Yasser Hakim reports that the government is reluctant to take the step.

Source: CCTV Africa


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