The Central Bank of Egypt (CBE) revealed that the UAE extends a deposit worth $1 billion for Egypt until July 2026.
A Central Bank report showed that short-term deposits rose from $14.9 billion in March to $15.4 billion by the end of June.
On November 13, the Central Bank revealed that Kuwait also renewed a deposit worth $4 billion with the CBE in two tranches, with one of them worth $2 billion expiring next April, and the second in September 2024, in order to support the country’s foreign currency reserves.
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