Eurobond proceeds were included in January’s foreign reserves
A source at the Central Bank of Egypt (CBE) said the reserve figure for the month of January includes proceeds from the USD4bn Eurobond sale. CBE made USD2bn worth of payments, including external debt, and an official release is being prepared and is due to be published within days, the source added. Reserves have reached cUSD26.4bn in January, up from cUSD24.3 in December last year. (Al Mal)
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