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Rate of inflation drops to minimum since economic reform
Egypt, Economics, 1/25/2000
Egypt's rate of inflation dropped to the lowest level since the implementation of the economic reform program as it hit only 2-3%. total of foreign reserves hit $16.558 billion.
Total deposits in local currency hit LE 27.72 billion, sources at the CBE said.
The sources added that the deficit of the trade balance amounted to $2.996 billion. Volume of exports raised to $1.305 billion and imports raised to $4.3 billion.
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