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Egypt boosts its hard currency income by selling lands in dollars

The government of Egypt is trying to increase its foreign currency reserves and collect the highest amount possible in hard currency to meet its obligations. This was evident in the recent offer of lands that required paying their value in dollars. The Administrative Capital for Urban Development Company (ACUD) offered 50 plots of land in New Administrative Capital’s MU 23 area with various mixed-use purposes, with a down payment of 20% of the plot value, to be paid in dollars. The plots ranged

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