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Egypt's central bank to sell $120 million at Tuesday auction

CAIRO, April 5 (Reuters) - Egypt's central bank said on Tuesday that foreign currency offered at its regular weekly auction would be dedicated to multinational companies that need to clear payment backlogs for the import of staples and pharmaceutical goods.

It said $120 million would be offered at the auction.

(Reporting by Asma Alsharif; editing by John Stonestreet)