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بوابة الفجر
Egypt's foreign reserves surpass $56B
Media personality Mustafa Bakry revealed that Egypt has achieved its largest-ever foreign exchange reserves, exceeding $56 billion. He pointed out that the flexibility of the exchange rate and the increase in reserves have contributed to improving the financial situation, while interest rates remain at their current levels. He emphasized that controlling external debt requires increasing the gross domestic product and reducing debt service, which currently stands at around 2.2 trillion Egyptian pounds, in order to support economic stability.
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