Egypt Foreign Currency Reserves Hit $18.8bn in JulySource: www.export-egypt.com 8/6/2013, Location: Africa |
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The Central Bank of Egypt (CBE) said on 8/5/2013 that the country's foreign currency reserves were up 26% by four billion dollars to reach 18.88 billion dollars in July compared with 14.92 billion dollars in June.
The increase is attributed to financial assistance Egypt has recently received from Saudi Arabia and the United Arab Emirates, economic expert Mohsen Adel said. |
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