NO. 39


Financial and Banking News

Budgets & Revenues

Sidqi Rules Out Devaluation Of Egyptian Currency

The Egyptian Prime Minister, Dr. 'Atif Sidqi, has described reports of animminent devaluation of the Egyptian pound as "completely untrue" andsaid that "the government is not considering such action for anyreason" because the Egyptian economy is stable and growing according toits set program. Dr. Sidqi was commenting on recent reports of pressure on thenational currency...