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Egypt central bank sells $500 mln in interbank market

Reuters , Monday 4 May 2015
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Egypt's central bank said on Monday it sold $500 million in the interbank market to meet outstanding demand for "strategic staple food commodities" with the approach of the Muslim holy month of Ramadan, which begins in mid-June.

The bank sold $281 million in the interbank market last month and $420 million in March to meet similar demand for dollars.

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