Egyptian foreign reserves rise to 14.147bn dollars

EGYPT - The Egyptian economy has rebounded by showing a marked improvement in June 2002 in comparison to the previous month, according to a report released by the Central Bank of Egypt.

The foreign currency reserve has increased in June to 14.147bn dollars from 13.725bn in May of the same year, said the CBE in its monthly report, MENA News Agency reports.

The local cash fluidity increased in June to 328.728bn Egyptian pounds against 321.892bn in May, said the report.

The bank deposits (excluding

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