Skip to comments.IMF aide to visit Egypt Monday to discuss $4.8 billion loan request
Posted on 01/05/2013 5:51:23 PM PST by Olog-hai
A senior International Monetary Fund official is set to meet with Egyptian leaders on Monday to discuss the $4.8 billion loan agreement that was postponed last month at Cairos behest because of political turmoil in the country.
The IMF said last week that it welcomed steps that Egypt had taken to stop a drain on its international reserves, which had driven the Egyptian pound down to record lows.
Egyptians have rushed to buy dollars for fear of a messy devaluation, and banks have been forced to impose limits on dollar withdrawals to prevent a run on deposits.
(Excerpt) Read more at reuters.com ...
IMF = US Money
Put the Gyppo’s hands to a better use than picking our pockets - Nuke the Aswan High Dam and let them tread water with those hands.