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A SUPPLEMENT TO EUROMONEY/AUGUST 1996 Investment jewel on the NileWhen the new Egyptian government set to work this January, it began like most of its predecessors by announcing a raft of reforms. The markets had heard such pronouncements many times since the principle of economic reform was first established in 1990 and real steps were taken to liberalize prices, abolish subsidies and controls on foreign exchange and capital, and move towards liberalized interest rates. |
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