CAIRO Dec 24 Egypt's central bank, responding
to what it said were market rumours, said on Monday that it was
taking all steps needed to safeguard deposits in Egyptian banks
whether denominated in local or foreign currencies.
"The Central Bank of Egypt is taking all necessary steps and
measures to preserve the stability and security of the banking
sector in Egypt and depositor funds," the bank said in an
The bank said it was responding to public rumours. Some
Egyptians have said recently they had withdrawn their funds from
banks out of concern they would be frozen by the authorities.