Egypt repays USD2 b Qatari deposit
(MENAFN) Egypt repaid the USD2 billion that was deposited into its central bank by Qatar following talks of converting the money into bonds failed, Saudi Gazette reported.
Qatar deposited USD3 billion of which USD1 billion were transformed into three-year bonds. Qatar agreed to to convert the remaining USD2 billion but then refused, central bank Governor Hisham Ramez said.
"They wanted to postpone it, then they said they would do it like they announced last time, and then they came back with some amendments, doing part and postponing the other part for a time, which we found not suitable for us," Ramez said.
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