The Egyptian pound was devalued by 32 per cent overnight as Cairo prepares to float its currency.
A devaluation in and of itself is not a bad thing. But it was a key demand of the bankster globalist organization, the International Monetary Fund.
The IMF used the threat of holding up a $12 billion loan it plans to make to the Egyptian government if the devaluation was not done.
In other words, this is not about free markets. It is the work of globalist economic hit men who want to squeeze the country.