Wednesday 4 September 2013

Egypt says prepared to repay Qatari loan in days if necessary | News , Middle East | THE DAILY STAR

Egypt says prepared to repay Qatari loan in days if necessary | News , Middle East | THE DAILY STAR:

"Egypt is prepared to repay within days $2 billion that Qatar deposited with Egypt's central bank in May if talks to convert the funds into bonds do not succeed, a central bank official said on Wednesday.

"This supposedly should be moved to a three-year bond, and still they have not finished it," said the official, who asked not to be named. "If it's not done, we will repay it. We are ready for this."

The state-run al-Ahram newspaper said that the Qatari government had asked that the conversion be delayed."

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