Declining Gulf States' Financial Support Adds to Egypt's Currency Woes

The Egyptian central bank devalued the pound on March 14, in a long expected move that sought to find a middle ground between the black market trade value of the Egyptian pound and the government’s de facto peg to the U.S.

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Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.

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