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April 17, 2012

Periodic Reminder to Freak Out

Issandr El Amrani, The Arabist

AP Photo

...about Egypt's economy — generally, with all the excitement about politics, it just isn't done enough. Just spent some time working on this today — not only has Egypt spend about $20bn of its reserves defending its currency since January 2011, it also spend several billion in a secret stash and maybe up to $10bn in an account at the National Bank of Egypt. Total: $35bn or so. Ay khidma?

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TAGGED: Egypt

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