CAIRO - 3 December 2024: The Central Bank of Egypt (CBE) announced that Kuwait has extended a $2 billion deposit for an additional year, as confirmed in its latest external position report.
Originally due in April 2024, the deposit will now mature in April 2025.
Another Kuwaiti deposit of equal value is scheduled for repayment in September 2024, according to the bank's data.
Additionally, the CBE holds $5.3 billion in deposits from Saudi Arabia, which are set to mature in October 2026.
The extension highlights Egypt's efforts to maintain strong financial ties with Gulf countries amidst its ongoing economic challenges.
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