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Egypt central bank governor says he has not resigned CAIRO: The governor of the Central Bank of Egypt, Farouk El-Okdah, said on Sunday he had not resigned from his post, denying a report aired on state television the previous day which said he had stepped down.   Egypt's cabinet had already denied the report the previous day.   "I did not resign," El-Okdah told reporters at the cabinet headquarters on Sunday after a meeting with a ministerial committee for economic policies.   There has been regular speculation in the media that he wanted to leave his post, and state TV had reported that he had resigned and that his former deputy, Hisham Ramez, had been appointed to replace him.   El-Okdah helped steer the central bank during last year's uprising which ousted former President Hosni Mubarak and is credited with helping keep the Egyptian currency relatively stable despite the political turmoil.   Center>Copyright Reuters, 2012 ...

Oman central bank discusses Islamic instruments with ministry DUBAI: Oman's central bank is discussing the possible issuance of sukuk and other instruments which the country's new Islamic banking operations could use to manage their liquidity, a top central bank official said.   "Central Bank of Oman has taken up with Ministry of Finance the matter of issue of Sukuk," central bank executive president Hamood Sangour al-Zadjali said in emailed comments to Reuters, received on Sunday.   "Various details will be looked into," Zadjali added without elaborating. He ...
Vietnam cuts key rates to boost growth  HANOI: Vietnam's central bank will cut its discount rate by one percentage point to 7 percent and lower the refinance rate to 9 percent from 10 percent to boost the country's economic growth, it said in a statement.   It will also lower the ceiling on dong lending rates for agriculture, export and supporting industries to 12 percent from 13 percent and cut the dong deposit ceiling rate for terms ranging from one month to below 12 ...
India central bank bought net 116bn rupees of debt in week to Dec 14  MUMBAI: The Reserve Bank of India said on Friday it purchased a net 116 billion rupees ($2.1 billion) of debt in the week to Dec. 14.   The central bank bought 116 billion rupees of debt, but did not sell any bond, it said in a release.   The RBI bought 116.6 billion rupees of bonds and sold 200 million rupees of debt in the week to Dec. 7.   Copyright Reuters, 2012** ...
Bailout candidate Cyprus rules out debt haircut NICOSIA: Bailout candidate Cyprus on Friday ruled out any "haircut" on its debt in order to help pave the way for much needed financial aid.   "For a haircut to happen, it needs the consent of the 27 (EU member states} and Cyprus is not about to accept such a thing," President Demetris Christofias told reporters.   The Eurogroup of eurozone finance ministers and the European Central Bank itself on Friday ruled out a partial debt write-off for Cyprus.   Eurogroup ...
India raises 120bn rupees at debt auction: central bank  MUMBAI: India sold 120 billion rupees ($2.18 billion) of bonds on Friday with the Reserve Bank of India setting a cut-off yield of 8.1522 percent on the 8.15 percent 2022 bonds.   A Reuters poll had forecast 8.1615 percent for the 2022 bonds.   For the 8.07 percent 2017-July bonds, the RBI set a cut-off price of 99.84 rupees, yielding 8.1119 percent, below the poll forecast of 8.1227 percent.   The cut-off price for 8.97 percent 2030 bonds was 105.80 rupees, ...
Turkish central bank to hold 3bn lira one-month repo auction  ISTANBUL: The Turkish Central Bank will hold a one-month repo auction on Friday, maturing on Jan. 18, with a volume of 3 billion lira ($1.7 billion), bank data showed.   The bank also said it will hold a one-week repo auction with a volume of 2.5 billion lira, maturing on Dec. 28.   The one-month repo auction will be held by the standard auction method, according to which banks tell the central bank the amount they want and the ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln