News Updates EGYPT COMMENTS The Egyptian government says that the local currency — the Egyptian pound — will not collapse under the weight of the current economic problems, and that the loss in value of eight percent in recent weeks is a controlled drop in value.However, the population and businesses of Egypt don't seem to agree with the government, as the black market in foreign currency has sprung up again and the Egyptian pound is seen trading at about 95 percent of official values. The old days of trading suitcases of local currency for foreign currency on street corners in central Cairo seem to have returned.With the trade deficit at a record level of 29 billion Egyptian pounds ($4.3 billion), up close to 30 percent over...