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Central Bank Reports $28 Billion in Net Foreign Assets
Central Bank of Egypt data shows that the net foreign assets in the banking sector increased by the end of June 2026 to reach $27.965 billion, up from $22.9 billion at the end of May, indicating an improvement in the sector's strength and stability. Additionally, total foreign assets amounted to EGP 4.939 trillion, while foreign liabilities decreased to EGP 3.591 trillion. The exchange rate of the dollar stood at EGP 49.28 by the end of June. Customer foreign currency deposits rose to EGP 3.264 trillion, despite a slight decline in domestic liquidity.
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