Egypt’s net reserve declines on debt payment
Cairo - QNA
Figures from the Central Bank of Egypt (CBE) published on Tuesday showed that Egypt’s foreign currency reserves stood at some $14.42 billion by the end of July, down from $15.53 billion in June. The CBE said on its website that the fall was due to maturing Egyptian bonds and payment of the Paris Club member countries’ debt totaling some $1.64 billion.
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