Wednesday, December 26, 2012

Egypt's New Islamist Constitution Becomes Law

A new Constitution drafted by an Islamist-majority committee has been signed into law by Egyptian President Mohamed Morsi.

Mohamed Morsi
Mohamed Morsi
Israel news photo: Flash 90
 
 
Arutz Sheva - A new Constitution drafted by an Islamist-majority committee has been signed into law by Egyptian President Mohammed Morsi.

With less than one one-third of voters turning out to decide the fate of the draft over the past week, those who did approved the document by 63.8 %.

However, many Egyptian citizens appear to be losing confidence in the future of the country, and are rushing to withdraw their savings from the nation's banks.

The Cairo government has imposed new restrictions in order to stem the bleed, however. Authorities have imposed currency controls, for the first time banning Egyptians from leaving the country with more than $10,000 in cash.

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