Egyptian Banks Open, And The Government Is Forced To Use Cargo Planes Full Of Cash

Egypt

Photo: Al-Jazeera

Egypt’s shaky return to normalcy begins with a re-opening of the banks.According to Bloomberg, the Egyptian government was forced to use military cargo planes carrying $854 million to deliver cash to various banks, in order to satisfy the throng of nervous depositors looking to make withdrawals.

Meanwhile, the Egyptian pound has fallen to a low against the dollar not seen since January 2005.

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