Egypt can deal with crisis, growth to be hit-C.Bank

CAIRO Sat Feb 5, 2011 3:53pm EST

CAIRO Feb 5 (Reuters) - Egypt's central bank governor said on Saturday growth, which had been running at 6 percent, would be hit by the political crisis and said there would be movement in the Egyptian pound but it would be a natural fluctuation.

Speaking on state television before banks open on Sunday for the first time in days due to violent protests, Governor Farouk el-Okdah said the country had adequate reserves, which were $36 billion at the end of December. He said there could be small problems in the next two weeks but Egypt could deal with them. (Reporting by Samia Nakhoul and Marwa Awad, Writing by Edmund Blair)

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