Showing posts with label foreign currency reserves. Show all posts
Showing posts with label foreign currency reserves. Show all posts

Saturday, July 06, 2013

Egypt political upheaval to deepen economic crisis

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.

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.