CAIRO May 14 Egypt's central bank will hold an
exceptional foreign currency auction for $1.1 billion on
Wednesday, it said in an emailed statement.
"This auction is intended to cover and clear all pending
food backlogs to secure availability of staple food commodities
over the coming period," the bank said in the statement.
Egypt has been suffering from a sustained dollar shortage as
political turmoil following the 2011 uprising against Hosni
Mubarak which unnerved foreign investors and tourists,
traditionally major sources of foreign currency.
(Reporting By Shadia Nasralla; Editing by John Stonestreet)