You'll be signed off in 60 seconds due to inactivity

English news

04-Apr-2016

Exchange bureaus investigated for hoarding dollars

Egypt's General Prosecution is investigating around 15 exchange bureaus after the Central Bank had reported them for hoarding dollars and contributing to Egypt's currency crisis, two prosecution sources told Reuters on Sunday. Central Bank Governor Tarek Amer met the general prosecutor on Saturday and requested an investigation be opened targeting around 15 exchange bureaus, which he accused of fueling a dollar crisis, prosecution sources said. "Based on his request the prosecution ... requested from the unit in charge of public funds to investigate these (bureaus)," one prosecution source said. "(Amer) accused them of causing the dollar crisis by hoarding dollars and refusing to sell, which caused a rise in the price of the dollar," he said. (Reuters)

Learn more about the cookies we use.