Foreign currency reserves $ 500 million up

Originally published April 3, 2003

The most recent report by the Central Bank of Egypt (CBE) said the economic and financial status is improving as reserves of foreign currencies increased by $ 500 million between July-December 2002.

Non-governmental deposits, said the report reached LE. 298.2 billion whereas deposits in foreign currency amounted to LE. 80.2 billion.

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