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Tuesday, 27 October 2020

Egypt's net foreign reserves rise to $45.457 bln in January: Central Bank

Reuters , Thursday 6 Feb 2020
 Central Bank
The Egyptian Central Bank offices in Cairo, Egypt (Reuters)
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Egypt’s net foreign reserves rose to $45.457 billion in January from $45.42 billion in December, the central bank said on Thursday.

Reserves climbed sharply after Egypt embarked in 2016 on a three-year, IMF-backed economic reform programme. They have seen smaller increases since the summer of 2018.

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