CAIRO — On Jan. 17, 1977, Egypt's then-Deputy Finance Minister Abdemonem al-Qaisony stood in front of the parliament to declare a number of economic policy changes. The changes were basically increasing the prices of fuel, bread and 25 other consumer goods. Those decisions were ordered by President Anwar Sadat. Back then, Sadat (who was to be assassinated four years later) was celebrated as the man who had defeated Israel and had brought Israelis to peace talks; he also believed he was invincible.

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