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EGYPT: Long lines form outside Cairo banks

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Long lines formed Sunday outside Cairo banks, some of which opened for the first time in a week, news reports said.

Armored personnel carriers stood guard at sandbagged intersections as buses dropped employees off at large state banks, the Reuters news agency reported.

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Bankers had expected foreign investors and local business executives to flee the Egyptian pound as political protests continued. But the currency closed at 5.93 to the dollar, down about 1.3% since it was last traded on Jan. 27, Reuters said.

The Egyptian stock exchange remained closed Sunday. Officials said Saturday that they would announce the reopening date 48 hours beforehand.

-- Alexandra Zavis

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