Reuters: US Dollar Report: Egypt sells $600 mln to banks to cover strategic imports

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 sells $600 mln to banks to cover strategic imports Apr 14th 2013, 15:17 CAIRO, April 14 | Sun Apr 14, 2013 11:17am EDT CAIRO, April 14 (Reuters) - Egypt's central bank sold $600 million to banks in a foreign exchange auction on Sunday for a cut off price of 6.8720 Egyptian pounds to the dollar to cover strategic imports, according to a statement. The auction was 15 times the size of the three weekly $40 million currency auctions in which the cash-strapped central bank has been rationing foreign exchange in recent months.

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