CAIRO, April 1 (Reuters) - The Egyptian central bank offered $40 million to banks at a foreign currency auction on Monday.
The central bank introduced the foreign exchange auctions at the end of December as part of an effort to stave off a currency crisis triggered by a run on the pound, which has lost 9 percent of its value since the start of the year.
(Writing by Tom Perry; Editing by Angus MacSwan) Keywords: EGYPT AUCTION/
(firstname.lastname@example.org)(+20 22 578 3290)(Reuters Messaging: email@example.com)
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.