Egypt's cash-strapped government has approved a plan to raise $3 billion by selling state land to Egyptians living abroad, a government minister told reporters on Wednesday.
Faiza Abu el-Naga, Egypt's minister for planning and international cooperation, said buyers would be required to pay for the land in dollars.
A year of political and economic turmoil has widened the country's budget and balance of payments deficits and halved its foreign reserves to $18 billion.
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