Egypt Foreign Indebtedness Marking $ 1.2 Billion DeclineSource: www.export-egypt.com 5/20/2012, Location: Africa |
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Egypt Foreign indebtedness was put by the end of 2011 at $ 33.7 billion marking $ 1.2 billion decline below their level 6 months ago. That was reported in the media quoting a report of the Central Bank indicating that Foreign Debt service during that period increased by $ 165 million to reach $ 1.5 billion. On the other hand,a report revealed that local indebtedness by the end of 2011 was put at L.E. 1,133 billion placing huge burdens on the country's public treasury.
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