Egypt's Mubarak in charge of central bank

EGYPT - Egyptian President Hosni Mubarak said Thursday that the central bank would come under his office's supervision, in a bid to deal with an estimated $2,6bn bad debt problem affecting local banks.

"From now on, the central bank will be supervised by the presidency and not the prime minister's office," said Mubarak.

He vowed, Sapa-AFP reported to punish those responsible for the bad debt that mushroomed after the September 11 attacks affected Egypt's lifeline, its tourism industry. "No one