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Ashraf Abou Alam

Ashraf Abou Alam latest

Egyptia state-owned banks are likely to borrow from abroad in case its own resources of foreign exchange cease to cover the needs of its clients. (File Photo)
August 8th, 2016 - 05:00 GMT

Egypt's government banks rely on own resources for US dollars

The National Bank of Egypt, Banque Misr, and Banque du Caire rely on their own resources to meet customers’ demands for foreign currency.
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