Reuters: US Dollar Report: Egypt receives $3 bln Qatari deposit at 3.5 pct - official

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Egypt receives $3 bln Qatari deposit at 3.5 pct - official May 12th 2013, 08:57 CAIRO | Sun May 12, 2013 4:57am EDT CAIRO May 12 (Reuters) - Egypt received a $3 billion deposit from Qatar on Thursday at 3.5 percent interest, a central bank official said on Sunday. The funds will remain with the central bank until Egypt's Ministry of Finance issues bonds to Qatar and the funds are converted, said the official, who asked not to be named. Qatar had earlier asked for 5 percent interest on the funds, an Egyptian official involved in the talks said in late April. Qatar had pledged the funds in mid-April.

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