Times of Oman
Dec 01, 2015 LAST UPDATED AT 01:04 AM GMT
Egypt offers $75m at auction
January 22, 2013 | 12:00 AM

Cairo: Egypt's central bank will offer $75 million to local banks at a currency auction yesterday as the weakening pound hampers the government's ability to sell debt.

The nation's benchmark dollar bonds fell for a second day. The Egyptian pound has depreciated about 6.5 per cent since the regulator started foreign-exchange sales on December. 30.

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