Banque Misr is in talks with a foreign financial institution for a EUR300 million (USD334.92 million) syndicated loan to shore up its foreign currency resources, Banque Misr said on Monday. The Central Bank of Egypt (CBE) has been rationing USD through auctions with commercial banks, giving priority to imports of strategic goods. CBE sells around USD120 million a week. "The negotiations come within the framework of increasing hard currency resources at the bank. The negotiations are due to be complete six months from now, at most," Banque Misr Chairman Mohamed Mahmoud Eletreby said, without naming the bank involved in the negotiations. (Reuters)