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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Egypt, Saudi Arabia to strengthen economic ties in coming phaseMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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