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Egypt’s net foreign reserves increased to $34.660 billion at the end of May from $34.551 billion at the end of April, a central bank data showed on Tuesday.
Foreign currencies in the country’s foreign reserves include U.S. dollar, euro, Australian dollar, Japanese yen in addition to Chinese yuan. The provision of foreign exchange, as well as gold and various international currencies, is dedicated for paying for imports, repaying foreign debts, and coping with any economic crises in exceptional circumstances.
