Egypt's Banks opened for the first time in a week to queues of customers seeking to access their accounts on Sunday, but the Egyptian pound weakened only modestly after violent protests gave way to calmer political talks.
Bankers had braced for foreign investors and local business executives to flee the pound but the currency closed at 5.93 to the dollar, having weakened by about 1.3 percent since it was last traded on January 27.
Egypt's AlexBank, a former big state bank that has been privatised, said after trading it had ended its first open day with a net cash surplus of 4 million pounds.
No comments:
Post a Comment