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Egypt foreign reserves rise to $44.2 bln at end of June: Central Bank

Ahram Online , Thursday 5 Jul 2018
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Egypt’s foreign reserves rose to $44.258 billion at the end of June from $44.139 billion the previous month, the central bank said in a statement on Thursday.

Egypt's reserves have soared since the country floated the Egyptian pound and secured a $12 billion loan from the International Monetary Fund as part of a reform program aimed at boosting the country's flagging economy.

 

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