Jun 7th, 2022
Egypt's Reserves Dip on Debt Payment
Egypt's net international reserves have dropped for the second time this year after what the central bank said was an external debt repayment of about 2 billion dollars. The stockpile now sits at $35.5 billion, down nearly $5.5 billion since the end of last year. Farouk Soussa, VP, MENA Economics Research at Goldman Sachs discusses the impact this will have for the country, which is grappling with price spikes. He speaks with Manus Cranny on "Bloomberg Daybreak: Middle East."







