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Egyptian pound hits all time low

Wednesday, 17 February 2016 1:43 AM [ Last Update: Wednesday, 17 February 2016 1:41 AM ]

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The Egyptian pound has hit a new all time low.

Mohamed Shalaby
Press TV, Cairo

The Egyptian pound has hit a new all time low, further causing a spiral in the price of vital goods and threatening social unrest. As the ailing economy is turning into the biggest threat to the military backed government, the Egyptian premier has warned of quote painful austerity measures in the near future. Press TV's Cairo correspondent Mohamed Shalaby has the details.

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