Egypt's new constitution is signed into law

Written By Unknown on Rabu, 26 Desember 2012 | 22.40

Egypt is facing parliamentary elections within the next two months, after voters approved a draft constitution by a majority of two thirds.

The document, which has been signed into law by President Mohammed Mursi, has been criticised for favouring Islamists and failing to protect the rights of women or minority groups.

A third of eligible voters took part in the ballot.

Mr Mursi said the text - Egypt's first constitution since former president Hosni Mubarak's fall - offers enough protection for minorities, and adopting it quickly is necessary to end two years of turmoil and political uncertainty that has wrecked the economy.

Murad Ali, a senior official in the Muslim Brotherhood's Freedom and Justice Party, said: "I hope all national powers will now start working together to build a new Egypt.

"I see this as the best constitution in Egypt's history."

In a sign that weeks of unrest have taken a further toll on the economy, the government ordered new restrictions on foreign currency apparently designed to prevent capital flight.

Leaving or entering with more than $10,000 cash is now banned.


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