Egypt's c. bank to take "technical measures" to control currency black market

Egypt's central bank governor said on Wednesday he would address the black market in the Egyptian pound, which has witnessed volatility this week from a surge in commercial demand for dollars and concerns over repayment of a Qatari deposit.

"We will take technical measures in the coming period to control the currency black market and set the (currency) exchange market," Hisham Ramez told reporters during a visit to Lebanon for a conference.