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Thursday, January 31, 2008

Gaza/Egypt update

Palestine Press quotes Israel Radio as saying that Egypt arrested 15 Hamas terrorists in its territory.

Al-Ahram (Arabic) says that Egypt is prepared to seal the border with new, sophisticated equipment. It estimates that Gazans spent 1.2 billion Egyptian pounds (roughly $210 million) and sums up the week this way (autotranslated):
Under the rule of the spirit of the market was the sale of corrupt goods and the use of counterfeit dollars, and the banks suffered a severe shortage of liquidity, and Egyptian traders responded to the request of the closure of their shops business, the inability of citizens to obtain their living conditions, and suffered economic life for the people of Rafah into something like complete paralysis, Some were enriched, while others have gone bankrupt.
This was the first confirmation I've seen of my earlier report of counterfeit currency.