Egypt's biggest bank, state-owned National Bank of Egypt (NBE), said on Tuesday it has seen little flight of funds abroad or conversions into U.S. dollars, despite the political unrest in Egypt.
Economists have warned the Egyptian pound may drop sharply over coming weeks as foreign investors frightened by Egypt's political impasse pull out. UBS analysts put the potential decline at as much as 25 percent within a month.
"In terms of currency, I don't see any issues of major concern," NBE Chairman Tarek Amer told Reuters in an interview.
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