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Egypt’s remittances reach $2.7 billion in boost to foreign reserves

Remittances from Egyptians abroad increased in May, reaching $2.7 billion in a boost for Egypt’s foreign currency reserves. The Central Bank of Egypt said remittances increased in May for the third straight month. The figure for May constitutes a 26.6% increase from $2.2 billion in April and a 73.8% increase…

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Click here to read the full story: Al-Monitor

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