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Egypt is unlikely to see a jump in inflation from measures to ease a foreign-exchange shortage because import prices already reflect the black market rate, a senior International Monetary Fund official said.Egyptian officials are widely expected to devalue the pound and cut energy subsidies to secure a $12 billion IMF loan, needed to fund an economic overhaul they hope will attract foreign investment to Egypt's ailing economy. As part of the initial loan agreement, Egypt agreed to move to a flexible exchange-rate system.Egypt has burnt through billions of foreign currency reserves since the 2011 uprising against President Hosni Mubarak.
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