CAIRO, Dec 29 (Reuters) - Egypt's central bank said it was
introducing a new auction system for buying and selling U.S.
dollars, adding that the country's foreign exchange reserves had
reached "their minimum level".
The new system will take affect as of Sunday, Dec. 30, and
run alongside and not affect the current interbank currency
market, the bank said on its website on Saturday. Egypt would
continue to meet instalments and interest payments on its
The bank called on Egyptians to "rationalise their use" of
foreign currency and not to speculate.