The Central Bank of Egypt revealed that net foreign currency reserves initially reached US$33.14 billion at the end of July 2022, compared to $33.37 billion at the end of June. The balance of payments incurred a total deficit of about $7.3 billion, almost all recorded during the first nine months from 2021-2022 until March due to the the Russian-Ukrainian crisis, according to the Central Bank of Egypt. This came in addition to the rise in the import bill in light of the rise in international prices, and the exit of foreign investments from the stock portfolio which was paid without any delay, bringing a decline in net inflows in the account of capital and financial transactions. The volume o
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