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Two pairs of US hundred dollar and Egyptian hundred pound notes are held before a window showing the skyline of Egypt's capital Cairo and the Nile river on January 16, 2023. (Photo by Khaled DESOUKI / AFP) Image for illustrative purpose
Egypt’s net foreign assets (NFAs) hit a surplus of EGP 473.224 billion in August, versus a deficit of EGP 801.269 billion in the same month last year, as per data from the Central Bank of Egypt (CBE).
The data also showed that foreign assets with the CBE amounted to EGP 2.191 trillion at the end of August, while foreign assets with banks stood at EGP 1.340 trillion.
Meanwhile, foreign liabilities with the CBE and banks totaled EGP 3.058 trillion.
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