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    Egypt Devalues Currency to Get IMF Loan

    A new plan to float the pound is in the works.

      The International Monetary Fund has officially approved a three-year $12 billion loan to help support the country’s economic reform plan. Starting this month the government floated the Egyptian pound, and it has now lost 50 percent of its valu...

    Tags: egypt,egyptian pounds,us dollar,currency,foreign currency,currency exchange international,currency exchange