Foreign Currency Inflows
The government would pay a debt of $850 million to international oil companies, according to Amer.
Governor of CBE, Tarek Amer, said earlier that all restrictions on foreign exchange in Egypt have been canceled.
The central bank announced earlier that Egypt’s foreign reserves had increased by $100 million by the end of March 2018.
The Central Bank of Egypt (CBE) does not intervene at all in the foreign exchange market, CBE deputy governor Gamal Negm said.
