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| 18 September, 2017

Egypt's financing gap $10-12 bln in 2017-18: finance minister

An employee counts Egyptian pounds in a foreign exchange office in central Cairo, Egypt, November 3, 2016. Image used for illustrative purpose.

An employee counts Egyptian pounds in a foreign exchange office in central Cairo, Egypt, November 3, 2016. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany

Egypt plans to issue $8 billion in dollar-denominated bonds.

CAIRO- Egypt's financing gap for financial year 2017-2018 is between $10 billion to $ 12 billion, Finance Minister Amr El Garhy told reporters on the sidelines of a conference on Monday.

He said Egypt plans to issue $8 billion in dollar-denominated bonds, but did not give details on a timetable.

(Reporting by Ehab Farouk; Writing by Patrick Markey; Editing by Ahmed Aboulenein) ((ahmed.aboulenein@thomsonreuters.com; +20 2 2394 8097; Reuters Messaging: ahmed.aboulenein.thomsonreuters.com@reuters.net))