Fri, Feb 07, 2025 | Shaaban 8, 1446 | DXB ktweather icon0°C

Dollars start running out in Egypt bureaus

Top Stories

CAIRO - Egypt’s currency bureaus are being overwhelmed by demand for dollars amid a supply shortage fuelled by political crisis, the head of the foreign exchange department at the Chambers of Commerce said.

Published: Tue 19 Feb 2013, 10:45 PM

Updated: Sat 4 Apr 2015, 9:39 AM

Mohamed El Abyad said foreign exchange offices can only supply 20 per cent of the dollars for which they receive orders.

“With the dollar shortage there is a semi-halting of our operations,” he told Reuters in an interview.



Next Story