Reuters: US Dollar Report: Egypt's Mursi says not worried by currency fall

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Egypt's Mursi says not worried by currency fall Dec 31st 2012, 09:56 CAIRO | Mon Dec 31, 2012 4:56am EST CAIRO Dec 31 (Reuters) - The Egyptian pound's fall to a record low does not worry or scare the government and the situation will "balance out within days", President Mohamed Mursi was quoted as saying by state news agency MENA on Monday. Mursi made the remarks during a meeting with Arab journalists on Sunday evening, MENA said. Separately, the head of the Egyptian banking federation described a system of foreign exchange auctions introduced by the central bank on Sunday as an "important first step" towards a free float of the pound. Tarek Amer, who is also chairman of Egypt's largest bank, state-owned National Bank of Egypt, said the new system was a success on its first day and had "significantly reduced" demand for dollars.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions