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Press Release - In no conversation with Egyptians in recent months can one avoid hearing how the prices of basic food and commodities are rapidly rising on daily basis, sometimes changing literally while someone is in the shop. In recent weeks, the foreign currency crisis has pushed the exchange rate in the black market to exceed double the official rate of 31 pounds per $1 USD. Millions of Egyptians' economic and social rights, including to food and an adequate standard of living, have been in jeopardy due to inflation
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