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Egypt is in a very huge financial crisis. Economists have warned that the country is on a very bad financial path and needs very strict policies in order to avert the situation. There is need for the country to avoid expanding its debt level through excessive external borrowing and concentrate on reducing its expenditure level. Strict measures should be implemented to ensure the pound currency appreciates against the dollar. To achieve this goal, the black currency market must be eliminated from Egypt. A lot has to be done fort Egypt to recover, the government has to listen to financial experts and reduce its intervention to allow the free market forces of demand and supply to work.
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