Egypt central bank dollar requests mount up

EGYPT - Egyptian banks have accumulated requests for hundreds of millions of dollars with the Central Bank which has not released any dollars into the market in over a month, banking sources and newspapers said on 7 June.

The Central Bank in January pledged to stabilise exchange rates and dollar supply by making strategic injections of dollars into the banking sector. Bankers played down the impact the delays were having on their business.

"We don't know why the Central Bank has made no dollar