We won’t have an Egyptian corralito, the central bank says: Egyptians’ foreign currency-denominated deposits are “safe” and there’s no intention to give them a haircut or forcibly convert them to EGP, the central bank said, as per Al Masry Al Youm. The paper says the Cabinet Information and Decision Support Centre said the central bank had not issued any directive banning dealings in foreign currency domestically, but urged people to stand against “rumours.” What’s a corralito, you ask? It was the informal name given to financial measures take in Argentina amidst its 2001 currency crisis, which included freezing bank accounts and forbidding withdrawals from USD-denominated bank accounts.