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The social package included approving a 15% increase in pensions for thirteen million citizens at a total cost of EGP 74 billion, and a 15% increase in “Takaful and Karama” pensions at a cost of EGP 5.5 billion so that the annual increase becomes 55% of the value of the pension, with EGP 41 billion being allocated to Takaful and Karama ...
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound was also used in Anglo-Egyptian Sudan between 1899 and 1956, and Cyrenaica when it was under British occupation and later an ...
In the middle of October 2010, finance ministers gathered in Washington, D.C. for the 2010 annual IMF and World Bank meeting, which was dominated by talk of currency war.. Just prior to the IMF meeting, the Institute of International Finance had called for leading countries to agree on a currency pact to aid the rebalancing of the world economy and to avert the threat of competitive devaluati
In many cases there has been lack of necessary public debate and discussions by the experts about the necessary changes in the legislation when the measures of the internal devaluation had been adopted (in fact, the previously mentioned anti-constitutional bill had explicit note that the bill (despite its potential violation of the constitution ...
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Brazilian Finance Minister Guido Mantega, who made headlines when he raised the alarm about a currency war in September 2010. Currency war, also known as competitive devaluations, is a condition in international affairs where countries seek to gain a trade advantage over other countries by causing the exchange rate of their currency to fall in relation to other currencies.
Neuralink did not respond to requests for comment. The nature of that inquiry is not clear, but U.S. lawmakers and animal-rights advocates have pressed the SEC to scrutinize comments Musk has made ...