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What Devaluing the Egyptian Pound Really Means for Many of Us

February 20, 2017

“When money is God, an economic downturn becomes a spiritual crises” – author unknown  It is a fact that we excel at what we are the most motivated to do. Some of us are primarily spurred to succeed to provide a better living for themselves and their families because they have experienced real poverty and adversity first hand, whereas others are spurred to fail because their early experiences with trying to succeed have always been met with bone-shattering criticism that spawned bulging emotional wounds, so failure became the safer, less painfully perceived choice. Each one of us has his own very distinct coping mechanism that he or she uses to survive the outside perceived world. We adapt rather amazingly to the circumstances at hand to not compromise our survival, even if we are surviving less gracefully than we should be. Circumstances is a stretchable term that can imply many things, including a country’s economic conditions and how they affect our psych. When Egypt’s Central Bank floated the Egyptian Pound back in November 2016 as an inevitable tactic to comply with one of the IMF’s requirements, experts were mostly concerned with the painful…


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