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Egypt Has Repaid $700 million to Paris Club – CBE

by Yomna Yasser

Egypt paid last Friday, July 4th a US$700 million installment to the Paris club, the country’s central bank governor Hisham Ramez told Reuters in a phone interview Sunday.

A total of US$700 million were paid to the economic club last January.

As pursuant to the an agreement concluded between the Egyptian government and the Paris Club several years ago, Egypt pays a total of US$700 million installment of its foreign debts to the economic club in January and July.

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