Egypt funding crunch slowing food payments again-traders
date:May 09, 2014
cine, he added.

Some traders said a government election due later this month in the most populous Arab nation was also slowing down administrative processes across government.

Bankers and traders said that although there were delays, there had not been any defaults.

We may face some delay to allocate sufficient foreign currency necessary to cover the clients' trading business, depending on the size of the transaction, but at the end of the day they are met, Tousson added.

Egypt's foreign res
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