Financial and Banking News
BUDGETS AND REVENUES
Egypt's Foreign Currency Shortage to Continue
The Egyptian Prime Minister, Dr. 'Atif Sidqi, expects Egypt's foreigncurrency shortage to continue for a long time despite a $1.6bn rise in hardcurrency earnings in fiscal 1987-1988. In a policy statement to a new session ofthe People's Assembly (parliament), Dr. Sidqi said that foreign currencyearnings rose from $9.7bn in 1986-87 to $11.3bn in 1987-1988, when revenues from...