Egypt returns $2 billion to Qatar after talks to securitize it fail | Reuters:
"Egypt has returned to Qatar $2 billion that the Gulf state had deposited with Egypt's central bank, after negotiations to convert the funds into three-year bonds broke down, central bank Governor Hisham Ramez said by telephone on Thursday.
Qatar had sent Egypt $3 billion in May, of which it converted $1 billion into three-year bonds.
Ramez said the Qatari authorities had agreed the week before last to convert the entire remaining $2 billion but then changed their minds.
"They wanted to postpone it, then they said they would do it like they announced last time, and then they came back with some amendments, doing part and postponing the other part for a time, which we found not suitable for us," he said."
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