VOL. XLIII
No. 17
24-April-2000
EGYPT
Egypts Foreign Reserves Continue To Fall, Interbank Rates Ease
According to the latest statistics released by the Central Bank of Egypt, foreign reserves slipped to $15.18bn in January from $15.63bn in December and $19.503bn in January 1999. But Egypts Minister of Economy and Foreign Trade Yusuf Boutros Ghali told reporters at a news conference held at the Middle East News Agency (MENA) on 9 April that declining foreign currency reserves should not cause...
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