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FINANCIAL NEWS
Egypt’s foreign exchange reserves grow at USD 510mn
04 Jun 2016
(MENAFN) Egypt proclaimed that foreign reserves grew by USD 510mn through May, to record the 8th monthly consecutive rise.
Accordingly, the foreign exchange reserves increased to USD 17.520bn in May, compared to USD 17.01bn in April.
However, the country did not expose the reasons for the increase in foreign reserves.
On the other hand, Egypt awaits the receipt of liquidity estimated at USD 0.51mn from the UAE and Saudi Arabia.
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