Egypt: More than $25bn transferred abroad in less than a month
On Tuesday, Egyptian Prime Minister, Mostafa Madbouly, said that the government has adopted a policy of asking importers to obtain letters of credit to access foreign exchange. It was applied last March to prevent the dollar from being transferred, after flows of more than 25 billion dollars were transferred in less than a month. During the current economic conference, Madbouly said that the government sought to restrict the dollar's outflow […]
