Reforming Egypt's black market - high hurdles, big rewards


  • World
  • Monday, 21 Jul 2014

CAIRO (Reuters) - The economist behind a plan to unlock at least $380 billion (222 billion pounds) worth of assets from Egypt's black market says President Abdel Fattah al-Sisi must first restore another asset that has depreciated over the years: the trust of a wary public.

That is a tall order in a country where the government has chronically neglected basic duties, in many cases leaving citizens to fend for themselves and find ways around laws and bureaucracy that hinder more than help.

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