Egypt’s Foreign Reserves to reach $20.6 Bn by the End of NovemberSource: www.export-egypt.com 10/17/2016, Location: Africa |
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 The Central Bank of Egypt’s (CEB) foreign reserve will reach $20.6 billion by the end of November 2016 after the three mobile service companies (Etisalat, Vodafone, and Orange) will pay $1.1 billion, the first installment of payment for the 4G license, an official told Youm7 on condition of anonymity as he was not authorized to brief the media.
The CBE has announced several days ago that the foreign reserve has reached $19.5 billion by the end of December 2015, compared with $16.5 billion in August 2015, with an increase of $3 billion. |
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