VOL XXVIII

NO.26

8-APRIL-1985

Financial and Banking News

REGIONAL BANKING

New Economy Minister and Central Bank Chief Appointed in Egypt

A banking scandal which has already implicated a number of prominent Egyptian financiers claimed its latest victim last week when the Minister of Economy, Dr. Mustafa Kamel Sa'id, resigned after his nephew was convicted of illegal foreign currency dealing. The scandal first broke last summer when officials of the Cairo branch of the Lebanese Jammal Trust Bank and...