Economics

Egypt’s Net Foreign Reserves Dip After $2 Billion in Debt Repaid

A vendor weighs fruit at the Al-Manhal market in Cairo.Photographer: Islam Safwat/Bloomberg

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By Mirette Magdy

June 6, 2022 at 1:57 PM UTC

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Egypt’s net international reserves dropped for the second time this year after what the central bank said was an external debt repayment of about $2 billion.