Qatar to convert $2bn Egypt cen bank deposit into bonds- report

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Qatar agreed on Monday to convert a $2 billion deposit with Egypt's central bank into bonds, Youm 7 newspaper quoted central bank governor Hisham Ramez as saying.

The conversion was thrown into doubt last week when a central bank official said that talks were underway. The official added that Egypt was prepared to repay within days $2 billion that Qatar deposited with Egypt's central bank in May if talks to convert the funds into bonds did not succeed.

The central bank governor was not immediately available to comment on the newspaper report.

Related:
Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Tomorrow's world: Inside the minds of Arab youth

Tomorrow's world: Inside the minds of Arab youth

Uncertainty over democracy, the continuing popularity of the...

New Saudi foreign minister is Washington insider, confidant of king

New Saudi foreign minister is Washington insider, confidant of king

Adel al-Jubeir becomes the first non-royal in the job, succeeding...

Saudis under time pressure to break Yemen stalemate

Saudis under time pressure to break Yemen stalemate

Frontlines of Yemen's messy civil war have barely moved after...

Most Popular
Most Discussed