The Egyptian monetary authorities are likely to diversify the Central Bank’s foreign currency reserve basket at the central bank, reported Al-Hayat . The basket will contain a number of international currencies. The Egyptian government, chaired by Prime Minister Atef Ubeid, has recently conducted talks with the International Monetary Fund and some donor countries in order to restructure Egypt’s foreign debt. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
