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    Egypt holds dollar auctions to avert currency crisis

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    euronews (in English)

    by euronews (in English)

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    Egypt is taking urgent action to avoid a currency crisis and prevent a messy devaluation.

    After appealing to people to go easy on exchanging the local pound for US dollars, the central bank is holding auctions to control currency movements.

    ...
    http://www.euronews.net/