VOL. XLIV
No 51
17-December-2001
EGYPT
EgyptianImporters Still Face Dollar Crunch Despite Reinstatement Of Documentary Credits
Despite the Egyptian Governmentsreinstatement of documentary credits as a method of import financing, (followingtheir earlier abolition), the country is still facing a dollar shortage, whichis being acutely felt by importers. When the government rescinded an earlierdecision to scrap documentary collections last month, the Egyptian pound, whichhad slumped on the black...
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