Egypt's cash reserves lost $500m last August

GMT 01:04 2015 Tuesday ,08 September

Arab Today, arab today Egypt's cash reserves lost $500m last August

Central Bank of Egypt
Cairo - MENA

Egypt's cash reserves lost about 500 million dollars last August to hit 18.09 billion dollars against 18.5 billion dollars in July, the Central Bank of Egypt said on Monday.

The slight decline was expected in light of providing dollars by the CBE in order to meet the country's needs of importing basic food commodities, bankers told MENA in statements Monday.

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