Central Bank of Egypt (CBE) Governor Tarek Amer said on Saturday that devaluing the Egyptian pound had attracted foreign investment worth USD500 million in treasury bills and that he had pumped USD22 billion into the banking system to clear goods piled at ports. Speaking in a pre-recorded interview aired on a local talk show late on Saturday, Amer also said: "There is no currency crisis, there is merely a crisis in managing the foreign exchange market, and we will roll out an alternative plan for managing the market in the next three months." "The decision wasn't a devaluation, it was correcting the situation and we had planned for it in advance. Its advantages will outweigh its disadvantages," he added. Amer said Egypt would pay back a USD1 billion debt owed to Qatar in July and also USD800 million to Paris Club countries. He said dollar-denominated ‘Belady’ certificates offered by the three largest state-owned banks in recent weeks to Egyptians abroad in a bid to persuade them to invest their dollar savings in their home country had seen a very low turnout. (Reuters)