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Egypt | To loosen its currency peg Egypt needs sustainable dollar inflows
CAIRO, Capital Markets in Africa: Egypt is rebuilding its foreign reserves with the help of loans and aid, easing a shortage of dollars and preparing the way for a loosening of its fixed exchange rate. But economists and bankers say that unless it finds a sustainable inflow of dollars the import-dependent country could soon find itself back at square one. Egypt has struggled to earn dollars since a 2011 revolt drove away tourists and foreign…
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