Foreign cash flows hit $24.7B since Jan.: CBE

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Tue, 14 May 2019 - 02:28 GMT

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Tue, 14 May 2019 - 02:28 GMT

U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo

U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo

CAIRO - 14 May 2019: The Central Bank of Egypt (CBE) said Monday foreign cash flows from different sources have hit a record, registering $24.7 billion since January.

A CBE official source said the US dollar exchange rate has declined by about EGP 0.84 since the beginning of 2019, supported by foreign cash flows.

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