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Egyptian financial crisis looms

January 31st, 2011
Categories: News, Middle East, Economic

Link: http://english.aljazeera.net/news/middleeast/2011/01/20111319341644600.html

Investors transferred hundreds of millions of dollars out of the country since the start of the protests a week ago. Economists are warning that if Egypt's turmoil continues much longer, the country will not have enough currency reserves to avoid a long term financial crisis. Currency traders said on Monday that investors have transferred hundreds of millions of dollars out of the country since the start of the protests six days ago.

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