CBE: Foreign Reserves Rose to $17.3bnSource: www.export-egypt.com 3/5/2014, Location: Africa |
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Foreign reserves rose to $17.307 billion by the end of February, up $202 million from the $17.105 billion recorded in January, the Central Bank of Egypt (CBE) said on 4/3/2014.
CBE Governor Hisham Ramez noted this increase in statements he gave at the Cabinet on Tuesday 4/3/2014, saying that the situation is reassuring and within safe limits and that revenues are on the rise. He highlighted the great role of the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) in supporting Egypt's economy. CBE Governor Hesham Ramez said foreign reserves are “secure and will rise constantly due the revenue increases the country witnessed during the past period.” |
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