WILL EGYPT’S SQUEEZE NEVER END?
Egypt’s beleaguered private sector is wondering what is going to hit it next. It remains deeply suspicious of official attitudes toward the country’s chaotic foreign exchange system following the inept performance of former economy minister Mostafa el-Saeed. He tried to crack down on the black market at the beginning of last year (Euromoney, February 1985). There was widespread panic when he blocked the free movement of proceeds on free dollar accounts.
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