Egypt receives $2 billion deposit from Kuwait

Thursday 26-09-2013 11:51 AM
Egypt receives $2 billion deposit from Kuwait

A man walks past a currency exchange office in Cairo - Reuters/Mohamed AbdelGhany


CAIRO, Sept 26 (Reuters) - 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 Arabia, Kuwait and the United Arab Emirates promised Egypt after the military deposed Islamist president Mohamed Mursi 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.

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