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#economic egypt

For millions of families, many of them low-income, remittances are a crucial source of financial security. Global migration continues to increase everyday, with over 258 million individuals today residing outside of their country of birth. With the devaluation of the Egyptian pound (reaching 30 EGP against the US dollar in January), there is an increasing likelihood that the difficult circumstances in Egypt will trigger more migration. Desperate and vulnerable are the only correct terms to describe the situation of many…