Feb 25 2013
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Egypt c.bank reviewing methods to buoy up tourism sector
The Central Bank of Egypt (CBE) is considering new mechanisms to encourage tourism companies operating in Egypt and to develop the tourism sector, the bank's governor told Zawya.
"Current priorities are to boost the Egyptian economy and face the foreign currency reserve shortage. Reviving the tourism sector will be the biggest stimulus for the Egyptian economy in the coming period," said Hisham Ramez, governor, CBE.
Ramez pointed out that the mechanisms for encouraging tourism companies are yet to be established, and are to be announced before the end of February 2013.
"Political stability and security are the two key drivers for attracting tourists to Egypt, calling for a national consensus to overcome Egypt's crisis," he added.
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