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Amid fears of hoarding and profiteering, grain and flour reserves dwindled.
Foreign-exchange reserves dwindled to just three weeks' worth of imports.
As Egypt's foreign currency reserves dwindled over the past year, the value of the Egyptian pound fell fast.
The result was that the cronies made enormous, under-the-table profits, the national grain reserves dwindled, food prices spiked and people in the hinterland starved.
As meagre foreign-exchange reserves dwindled governments were forced to depreciate and some accepted IMF assistance to avoid damaging defaults.Economies now in the crosshairs face different worries.
The result was that food prices skyrocketed, emergency grain reserves dwindled, the middlemen made a killing and people in the hinterland starved.
Similar(49)
A country is forced into a big devaluation as foreign-exchange reserves dwindle.
Production at Arun, which is operated by Exxon Mobil, has been falling as reserves dwindle.
A new deal with the IMF is needed in the coming months, as official reserves dwindle and debt repayments loom.
Moreover, mismanagement of the state-owned oil company PDVSA led to additional oil production cuts, leaving foreign reserves dwindling.
Pan American World Airways, with its cash reserves dwindling, said yesterday that it was putting its valuable Northeast shuttle up for sale.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com