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The Egyptian government has announced a raft of financial measures to help pay for the economic damage caused by coronavirus pandemic to the country.

Under the new draft law, the elderly will face a half percent cut in their pensions while the working citizens will face a 1% pay cut.

The measures will be in force from July and will go on for a year.

All those earning below $125 will be exempted.

Tourism is the worst affected sector of economy in Egypt. Those who work in the sector may also be exempted.

Source: BBC News

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