IMF chief says Egypt in currency 'crisis'

IMF chief Christine Lagarde said Thursday that Egypt is going through a currency "crisis," suggesting a quick devaluation to tackle a widening gap between the official and black market rates. Egypt has been struggling to shore up its foreign currency reserves in the political and economic turmoil following the January 2011 uprising that toppled former ruler Hosni Mubarak. The government of President Abdel Fattah al-Sisi is rolling out an austerity programme and is seeking billions in support fro