Foreign Reserve Central Bank of Egypt (CBE) RetreatsSource: www.export-egypt.com 3/5/2013, Location: Africa |
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The foreign reserve at the Central Bank of Egypt (CBE) has retreated to $ 13.5 billion, compared with $ 13.6 billion at the end of January, down by $ 105 million, the CBE said in a statement. Deputy Head of the Egyptian Society for the Study of Finance and Investment Mohsen Adel said that reserve performance during February is acceptable and that the rate of decline was less than expected.
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