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The domestic supply price farmers receive in Egypt is E£1,200 (US$211) per ton compared to approximately E£1,940 (US$340) per ton for import from the US, Egypt's main supplier of wheat and corn. Egypt is the U.S.'s largest market for wheat and corn sales, accounting for US$1 billion annually and about 46% of Egypt's needs from imported wheat.
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
Tourism is one of the leading sources of income, crucial to Egypt's economy.At its peak in 2010, the sector employed about 12% of workforce of Egypt, [1] serving approximately 14.7 million visitors to Egypt, and providing revenues of nearly $12.5 billion [2] as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
Bpifrance also known as the Banque publique d'investissement (lit. ' [French] Public Investment Bank ') is a French public sector investment bank.It is a joint venture of two state owned enterprises: the Caisse des dépôts et consignations and EPIC BPI-Groupe (formerly EPIC OSEO).
The United States fifty-dollar bill (US$50) is a denomination of United States currency. The 18th U.S. president (1869-1877), Ulysses S. Grant, is featured on the obverse, while the U.S. Capitol is featured on the reverse. All current-issue $50 bills are Federal Reserve Notes.
Egypt is a lower-middle-income country with high levels of unemployment. Despite the government's efforts to further the economy, 32.5% of Egyptians live in extreme poverty. With an increasing population and changing socioeconomic environment, Egypt faces great challenges in adapting to such developments in terms of healthcare facilities. [21]
Additionally, starting in 2009, Egypt built an underground Egypt–Gaza barrier along the Egypt–Gaza border. The stated aim was to block smuggling tunnels. The Rafah Border Crossing is the only lawful crossing point between Egypt and Gaza, and was manned by PA security forces and the European Union Border Assistance Mission Rafah. [42]
The U.S. dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War. The dollar is the most widely used currency in international transactions, [4] and a free-floating currency.