Egypt central bank offers $40 mln at forex auction

Reuters
Central Bank of Egypt Headquarters is seen in Cairo
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Central Bank of Egypt Headquarters is seen in Cairo December 13 ,2009. REUTERS/Tarek Mostafa

CAIRO (Reuters) - The Egyptian central bank offered to sell $40 million at an auction of foreign currency on Thursday - the same amount it offered at two other auctions held earlier this week.

It is the 22nd such auction since the central bank introduced the sales as part of an effort to avoid a currency crisis triggered by a run on the Egyptian pound.

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