Foreign cash flows hit $24.7 bln since Jan. – CBE

The Central Bank of Egypt (CBE) said on Monday 13/5/2019 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.

Source: State Information Service Egypt