Egypt's external debts dropped to $28,192,000,000

Egypt’s external debts dropped to $28,192,000,000 at the end of last January against $28,761,000,000 by the end of last December and against $32,965,000,000 in the fiscal year 1994/1995,according to the the monthly economic periodical issued by the ministeryof Economy and Foreign Trade.

According to the periodical, the majority Egypt’s external debts are soft medium-and long-term loans.

The periodical stressed that egypt fullfills its obligations,as regards instalements or interest rates of the debts,according to set timetables.

Experts estimate that Egypt’s external debts fall within the safe monetary limits according to international standards .

Medium-and long-term external debts decreased to $25,852,000,000 by the end of last January as compared to$ 26,421,000,000 by the end of last December.

Short -term loans amounted to $1,759,000,000 by the end of last january and the private sector’s debts are estimated at $581 million.

On another plane,the reserve in the Central Bank by the end of last January hit $15,176,000,000 as against $15,632,000,000 by the end of last December.

Revenues of Suez Canal by the end of last Januaryhit $160,900,000 against $160,300,000 by the end of last December.

The number of tourists by the end of last February hit 403,000 against 337,000 by the end of last January