Challenges Ahead as Egypt Floats Its Currency for IMF Loan: Q&ABy and
$12 billion sought from IMF to boost economy hit by upheaval
Move can hurt black market, impoverished Egyptians, too
The Egyptian central bank said Thursday that it would float the country’s pound, an aggressive step meant to revive the sputtering economy and fulfill a key condition of a desperately needed $12 billion International Monetary Fund loan.
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