Egypt bans export of gold in any form: agency | Alrroya

Egypt bans export of gold in any form: agency

Monday, 28 February 2011  at  09:01, Reuters, Cairo
Egypt has issued a ministerial decree immediately banning the export of gold in all its forms, including jewellery and ornaments, until June 30, the country's official news agency said on Sunday.

"This decision, which comes in light of the exceptional circumstances the country is passing through ..., is to preserve the country's wealth until the situation stabilises," it said.

Egypt's currency has come under pressure after some of the country's main sources of foreign currency, including tourism and foreign investment, collapsed after the protests that ousted President Hosni Mubarak erupted on Jan 25.








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