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Egypt, Qatar Sign Contract For 2nd Deposit Tranche Worth $500 Mln
Amwal Al Ghad Published in Amwal Al Ghad on 03 - 10 - 2012

The Minister of Finance Momtaz El-Saeed announced finalizing the executive procedures for the $ 500 million second tranche of the Qatari deposit reaching $2 billion. He added that the executive contract was signed by Egypt's Ministry of Finance (MOF) and Qatar Central Bank (QCB).
The deposit's first tranche amounting to $500 million had been received last August from Qatar to the Central Bank of Egypt (CBE).
Meanwhile, CBE's report showed that net foreign assets fell by EGP 1.5 billion, or 1% last July.
Mubasher

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