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egypt banks open

Reopening Egypt’s banks will be leap into unknown

Reopening Egypt’s banks will be leap into unknown

UBS sees pound weakening as much as 25 pct in a month; Depreciation could trigger burst of food price inflation; Egypt's $36 bln in foreign reserves may decline quickly; Government reverses decision to open bourse; Threat of panicky withdrawals from banks.

February 5, 2011 5:05