CAIRO (AP) -- Egypt's descent into even deeper political turmoil will almost certainly put a multi-billion dollar international bailout on hold and lead to an even more painful economic crisis, with worsening fuel shortages and higher prices on basic goods.
Showing posts with label foreign currency reserves. Show all posts
Showing posts with label foreign currency reserves. Show all posts
Saturday, July 06, 2013
Monday, April 15, 2013
Egypt sells $600 million to import basic goods
CAIRO (Reuters) - Egypt's central bank sold $600 million to banks in a special auction of foreign exchange on Sunday to pay for wheat, meat, cooking oil and other essential imports to a country struggling with a currency crisis.
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