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Egyptian Currency Has Lost 2 Billion on Foreign Exchange Markets in Last Month Due to "Political Instability & Security"

sharon sanders

Editor-in-Chief & President
machine translation -

A bank official, "the events of Liberation" pushing the monetary reserve.
Monday, November 21, 2011 - 08:09

A banking source said a high level in a special statement for the "seventh day", that the events of Liberation that will put great pressure on the Egyptian economy during the next few days, especially on the foreign exchange reserve, which increased the rate of corrosion in the last month and has
$ 2 billion, because of the strike, political instability and security.
The source added that the events of liberalization will affect the confidence of foreign investors to enter the Egyptian market, due to the high security risks as well as the flight of foreign investment is direct, which is in the authorization documents Egyptian treasury, due to panic investors from events that place in the field editor and several other areas in Egypt over the past two days.

more...

http://www.youm7.com/News.asp?NewsID=536988&SecID=297&IssueID=168
 
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