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Egypt Anti-Coup National Alliance Rejects Putschist Regime Financial, Economic Agreements

Egypt’s coalition of parties and movements opposed to the military coup warns all local, regional and international banks and other financial institutions and authorities that it deems void all the military-appointed so-called interim government's financial and economic dealings and agreements.

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Under the July 3 coup military-appointed regime, Egypt faces a very serious economic situation as a result of declining foreign exchange reserves in the country, rising prices, the collapse of tourism and investment, the rampant and persistent problem of unemployment and the closure of many factories and companies.

The putschist government has failed to provide any economic vision or a specific vision of any fiscal policy through which they can address the growing economic losses faced by the country because of the brutal treasonous coup.

Therefore, the Anti-Coup, Pro-Legitimacy National Alliance declares its unequivocal rejection of any financial dealings or agreements signed by the military coup government.  The Alliance also affirms that it does not recognize any dealings or agreements signed by any authority or ministry belonging to this government.

The Alliance warns all financial institutions and economic organizations not to deal with an illegitimate government that does not represent the Egyptian people.  The Alliance emphasizes that procedures or decisions made by the coup government are void in form and content, and any consequences thereof are also void.

The Alliance urges all international, regional and local institutions from falling into the trap of economic dealings with this government.

In this regard, the Alliance points that the Finance Ministry of the coup government issuing bonds and treasury bills today (October 8th, 2013) for the total amount of LE10 Bn - according to the ministry's official web site - is void, and is by an illegitimate government that does not represent the Egyptian people.

The Anti-Coup, Pro-Legitimacy National Alliance

Cairo: Tuesday - October 8, 2013