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Cairo looks to Egyptians abroad to boost economy

Nabila Makram, Egypt's minister of immigration and expatriate affairs, discusses her recent trip to Australia and New Zealand, where she sought to get Egyptian expatriates to invest in certificates that will help the Egyptian economy.
Egypt's Immigration Minister Nabila Makram Ebeid talks during a news conference in Cairo, Egypt, February 29, 2016. Egypt launched a new scheme on Monday to encourage millions of Egyptians living abroad to pour their dollar savings into special certificates, as it tries to ease an acute shortage of foreign currency that has hit the economy. REUTERS/Asmaa Waguih - RTS8KYQ
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Egyptian President Abdel Fattah al-Sisi named Ambassador Nabila Makram as head of the Ministry of Immigration and Expatriate Affairs in September 2015. This ministry had been shuttered decades ago, and until Makram’s appointment, immigration affairs were under the purview of the Ministry of Manpower. The revival of this ministry comes as part of Cairo’s plan to benefit from Egyptians living abroad and work with them to address their problems.

In an interview with Al-Monitor, Makram spoke about how the ministry will use the Central Bank’s recent decision to unify the Egyptian pound-US dollar exchange rate to encourage Egyptians abroad to invest in their homeland. She also spoke about her most recent trip abroad and immigration legislation.

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