Egyptian annual transactions in black market worth $30bn
Central Bank of Egypt
Dubai - MENA
The volume of the annual financial transactions in the Egyptian market is 60 billion dollars, including 30 billion dollars in the black market, Egyptian Investment Minister Ashraf Salman said.
The Central Bank of Egypt should have intervened to set financial policies to assure that this huge some of money is being invested in the official market, he said.
Salman's remarks came during his participation in a conference under the rubric "Investment in Egypt and the Middle East - One-on-One".
The two-day conference is organized by EFG-Hermes in Dubai.
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