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Monday, September 28, 2009

Stamp Investment Tip: Egypt 1933 Railroad Congress Issue (Scott #168-71)

In 1933, Egypt issued a set of stamps commemorating the meeting of the International Railroad Congress in Heliopolis (Scott #168-71). The set pictures various locomotives from the 1850s on, and is an attractive Train topical issue. 52,000 sets were issued, and Scott '10 values it unused at $ 70.00 .

With an estimated 76 million people, Egypt possesses one of the most developed economies in the Mid-East, with a GDP growth rate of 5% -7%. The government is undertaking major economic reforms to further spur development, including massive investments in infrastructure and liberalizing economic and tax policies to encourage foreign investment. Egypt's main challenge in the years to come will be one of social and political democratization - how to assure that enough of the new wealth trickles down to the majority of the population to lessen the problems of poverty and political instability.

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