Egypt declares Monday bank holiday due to strikes

DNE
DNE
1 Min Read

CAIRO: Egypt’s central bank declared Monday a bank holiday after a series of worker protests and strikes on Sunday at state-owned banks.

Banks were also due to be closed on Tuesday, which is an official holiday marking the Prophet Mohamed’s birthday.

"Employees are demanding higher salaries," Deputy Central Bank Governor Hisham Ramez said by telephone, adding that strikes were mainly at state and not private banks.

 

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