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The Central Bank of Egypt: foreign exchange reserves rose to the performance since Mubarak

According to information published by the Central Bank of Egypt, foreign exchange reserves of the country rose in July 2017 for $ 4.7 billion and made up of 36.04 billion.

This figure is the highest since 2011, when ousted President Hosni Mubarak.

The growth of foreign exchange reserves indicates some restoration of confidence of foreign investors in the Egyptian economy.

At the same time, the country still suffers from large external debt and high inflation.

The Central Bank of Egypt: foreign exchange reserves rose to the performance since Mubarak 02.08.2017

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