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Looting the Egyptian Currency: Democracy in Action
h/t InstapunditThe ugly denouement of the so-called Egyptian Spring is visible in the collapse of Egypts stock exchange (down 11% in the first three days of this week) and the impending collapse of the Egyptian pound, as residents and foreigners flee to hard currency. A unique sort of brutality characterizes Egypts currency crisis: banks cannot meet the demand for currency because it is impossible transport bank notes. Mobs hijack the armored cars... Posted by: g(r)omgoru 2011-11-27 |
| http://www.rantburg.com/poparticle.php?ID=334168 |