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no because poor people will suffer and the economy will worsen.

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It is a very bad situation right now because the float has distrupted the whole business sector. However the hope is that the lowered value of the Egyptian pound will attract investors because it it cheap for them right now. The problem is if Egypt can remain stable, the issues with shortages can cause civil unrest with the poor and if they revolt again then it would scare investors away for good!

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Its not good, but its what we have brought to ourselves, therefore were paying the price for our mess. The float will definitely help on the long run, but thats only if we really start making more domestic goods.

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Its not good, but its what we have brought to ourselves, therefore were paying the price for our mess. The float will definitely help on the long run, but thats only if we really start making more domestic goods.

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Helmy

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Good for long term solution, bad for short term

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floating the currency was a bad idea the currency since it has been devalued or floated has not increased in value and weve not only had a shortage in luxury items but also in essential living items such as medicine

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The floating of the currency is not a good idea. It's affecting the entire population negatively. Everything's increasing in price, and employers still get payed the same wages; they will not be able to afford products with high costs. Also, it leads to poverty and affects the education. Some might think it is a good idea, but it really isn't. We need to think about the short-term outcomes, as they might affect the future youths'.

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Floating the currency is not a good idea. It's a bad idea, due to

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The floatation of a country's currency is bad of course because decreasing the value of a countries currency makes it very unattractive to people trade currency so they won't buy it.

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It is good for the future to minimize problems and control the currency

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Floating a country is bad, because it takes away the value of the country. It won't attract other countries to trade with.

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It looks bad currently but we will benefit alot from it in the future, and we will be receiving a $12 million fund. It is estimated that Egypt will begin to export gas in the near future, which shows us that good things are yet to come

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Of course not. Devaluing a country's currency is not a good idea. In the future, if this continues, Egypt might face a Great Depression. No one wants Egyptian crap but Egypt wants everyone's crap. The only good thing this can mean is that it might be a wake up call for Egypt to start exporting things that people need. But then again, this can persuade Egypt to start being independent and not rely on other countries and do what Germany did

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Its difficult and bad at the beginning but good for the future and progressing to handle the issue and control it