LE CAIRO (Reuters) - Egypt's central bank announced Sunday it would sell $ 75 million, with a maximum of $ 11 million per bank, under its first auction of a currency étrangère.
The auction will be held under a new auction system for buying and selling dollars, and on Saturday aimed at protecting the country's reserves of foreign currency, which fell to a level officially qualified "critical" .
Under this new regime, in which the central bank has given many details Sunday, Egyptian institutions can not long hold more than 1% of their capital dollars.
The acquisition of foreign currency by individuals will also be taxed at height of 1 to 2%, and companies can not withdraw more than $ 30,000 per jour.
The political upheavals that have shaken the country since late November have prompted many Egyptians to change their books in U.S. dollars for fear of a devaluation or the imposition by the government of a control capitaux.
The Central Bank has drawn more than $ 20 billion in its foreign exchange reserves to support the price of the pound from the "Nile Revolution" that toppled in February 2011, President Hosni Mubarak scared off tourists and investors étrangers.
reserves fell by $ 448 million in November to stand at 15.05 billion dollars, just enough to provide three months of imports .
Egypt has obtained the preliminary agreement in November the International Monetary Fund for a loan of $ 4.8 billion, but the final agreement was delayed until January 2013 after the decision to suspend Cairo the application of a series of tax increases.
Patrick Werr, Jean-Loup Fievet Julien Dury and the service français
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