date:May 09, 2014
utious approach to allocating these funds, were slowing payment procedures for food bought by state entities.
Egypt's political turmoil since 2011 has affected the country's foreign currency reserves because of the fall in tourism and foreign direct investment, said Mohamed Tousson, head of structured trade finance at Ahli United Bank's Egypt subsidiary.
This forced the central bank to take drastic measures to direct its available funds to the strategic commodities, food-related items and medi