29 March 2013

Egypt: Central Bank - U.S.$1.2 Billion Provided to Import Supply Commodities, Petroleum Products in March

The Central Bank of Egypt (CBE) has denied reports that the CBE governor sent a letter to President Mohamed Morsi over the lack of foreign currency for importing goods.

In a statement on Thursday 28/03/2013, the CBE stressed that governor Hisham Ramez neither sent such letters not gave remarks in this regard.

The CBE called on media outlets to seek accuracy in dealing with news related to the national economy.

The CBE provided 1.2 billion dollars in March to import supply commodities and petroleum products, the statement said, reiterating that the CBE did not receive any deposits from any country during February and March.

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