EGP strengthens 20 piasters in parallel market after foreign reserves news
The Egyptian Pound has strengthened 20 piasters in the parallel market to EGP:USD 10.60, following the Central Bank’s announcement of a shore-up in foreign reserves last Wednesday. Reserves had inched up to USD17.521bn in May from USD17.011bn in April, recording the second significant increase since October 2015. (Al Ahram)
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