Egypt’s net foreign assets decline by $1.7 billion in January
CAIRO (Reuters) – Egypt’s net foreign assets (NFAs) declined by 160.2 billion Egyptian pounds in January, likely due to debts maturing and importers clearing backlogs from ports. NFAs deteriorated to a negative 654.43 billion Egyptian pounds from a negative 494.3 billion at end-December, central bank data showed. This works out to a decline of $1.70 …
Egypt’s net foreign assets decline by $1.7 billion in January Read More »