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economy_28egypt_22e_usage29.ht
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<HEAD>
<TITLE>
70.guide/Economy (Egypt 2. usage)</TITLE>
</HEAD>
<BODY>
<PRE>
Economy (Egypt 2. usage)
========================
Agriculture:
accounts for 20% of GDP and employs more than one-third of labor force;
dependent on irrigation water from the Nile; world's sixth-largest cotton
exporter; other crops produced include rice, corn, wheat, beans, fruit,
vegetables; not self-sufficient in food for a rapidly expanding population;
livestock - cattle, water buffalo, sheep, goats; annual fish catch about
140,000 metric tons
Illicit drugs:
a transit point for Southwest Asian and Southeast Asian heroin and opium
moving to Europe and the US; popular transit stop for Nigerian couriers;
large domestic consumption of hashish and heroin from Lebanon and Syria
Economic aid:
US commitments, including Ex-Im (FY70-89), $15.7 billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-88), $10.1 billion; OPEC
bilateral aid (1979-89), $2.9 billion; Communist countries (1970-89), $2.4
billion
Currency:
1 Egyptian pound (#E) = 100 piasters
Exchange rates:
Egyptian pounds (#E) per US$1 - 3.345 (November 1992), 2.7072 (1990), 2.5171
(1989), 2.2233 (1988), 1.5183 (1987)
Fiscal year:
1 July - 30 June
</PRE>
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