Egypt Floats Currency; It Tumbles 50%

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The devaluation is almost certain to cause a steep hike in prices. So how exactly is allowing such a dramatic change in the currency a price worth paying to hopefully sort out the economy in the long term? We talk to Egyptian journalist, Magdi Abdelhadi, about the feeling on the streets. Meanwhile, Ivory Coast has one of the fastest growing economies in the world. It's one of the benefits of the peace and stability the country has experienced in the last few years. Our Africa editor, James Copnall, joins us now from the country's main city Abidjan. Picture Credit: Bruce Yuanyue Bi.