The Nassar Human Rights Center sent a note to the attorney-general on Wednesday requesting that he ban the transfer of money outside the country so as to prevent capital flight out of Egypt.
The move comes following the massive losses suffered by the Egyptian stock exchange this week as a result of the wave of anti-government protests that have shaken the country since Tuesday.
“The government must move quickly to save the stock exchange,” said center director Ahmed Nassar.
Stock Exchange Treasurer Abdel Aziz Saad has called for government reassurances aimed at shoring up investor confidence. He added that stock market indeces were continuing to plummet due to the ongoing protests.
Saeed Abdel-Aziz, dean of the business faculty at the University of Alexandria, said that stock exchange officials should have halted trading on Tuesday, which was dubbed the “Day of Anger” by protesters.
Translated from the Arabic Edition.
