sharon sanders
Editor-in-Chief & President
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Planning Minister: Egypt reserves cash is not enough only 3 months
Tuesday 05/02/2013 - 05:08
Dr. Ashraf Arab
Cairo - ASHA
Revealed Dr. Ashraf Arab and Minister of Planning and International Cooperation, that the cash reserve is not enough only 3 months only from imports Egypt , noting that the cost of imports Egypt month of around 5 billion pounds. explained the Arab - in his exhibition Cairo International Book Fair - that the government faces the challenge of down the cash reserve, which is one of the challenges is difficult during the current period of Khalall preparation is an urgent plan until the end of June; to reduce the budget deficit, raising the cash reserve. The Minister of Planning that the agreement with the IMF stopped because the amendment in economic program of the government , pointing out that Egypt expects to return again consultations during the coming period. should be noted that the Central Bank of Egypt announced today cash reserve fell during the month of January this year to reach $ 13.6 billion .
more..
http://www.el-balad.com/389500
Planning Minister: Egypt reserves cash is not enough only 3 months
Tuesday 05/02/2013 - 05:08
Dr. Ashraf Arab
Cairo - ASHA
Revealed Dr. Ashraf Arab and Minister of Planning and International Cooperation, that the cash reserve is not enough only 3 months only from imports Egypt , noting that the cost of imports Egypt month of around 5 billion pounds. explained the Arab - in his exhibition Cairo International Book Fair - that the government faces the challenge of down the cash reserve, which is one of the challenges is difficult during the current period of Khalall preparation is an urgent plan until the end of June; to reduce the budget deficit, raising the cash reserve. The Minister of Planning that the agreement with the IMF stopped because the amendment in economic program of the government , pointing out that Egypt expects to return again consultations during the coming period. should be noted that the Central Bank of Egypt announced today cash reserve fell during the month of January this year to reach $ 13.6 billion .
more..
http://www.el-balad.com/389500