Rate of inflation drops to minimum since economic reform

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.