CAIRO- Egyptian banks have provided about $55.1 billion to fund trade since the country floated its currency in November last year, a central bank official told Reuters on Tuesday.

The banks were able to extend up to $40 billion in documents for collections (IDCs) and letters of credit, and open new letters of credit for up to $15.1 billion dollars, the source said.



(Reporting by Ehab Farouk; Writing by Nadine Awadalla and Arwa Gaballa; Editing by Catherine Evans) ((Nadine.Awadalla@thomsonreuters.com;))