Egypt receives $2 bln deposit from Kuwait

Egypt Central Bank received $2 bln deposit from Kuwait.

Egypt receives $2 bln deposit from Kuwait

World Bulletin / News Desk

Egypt's central bank has received a $2 billion deposit from Kuwait, the governor said on Thursday.

The deposit is part of $12 billion in aid that Saudi ArabiaKuwait and the United Arab Emirates promised Egypt after the military deposed president Mohamed Morsi on July 3.

"Yes. The Kuwait $2 billion (has been) received," Hisham Ramez told Reuters in a text message.

Ramez said one week ago that Egypt had returned a $2 billion deposit from Qatar, which strongly supported Mursi, after negotiations to turn it into three-year bonds had failed.

Last Mod: 26 Eylül 2013, 13:35
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