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Egypt's central bank offers $40 million at forex auction

Reuters, Thursday 28 Mar 2013
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The Egyptian central bank offered $40 million to banks at a foreign currency auction on Thursday.

The central bank introduced the foreign exchange auctions at the end of December as part of an effort to stave off a currency crisis triggered by a run on the pound, which has lost 9 percent of its value since the start of the year.
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