High external debt to Egypt to 34.8 billion dollars in March
* Egypt: Wednesday, August 10, 2011 - 09:20
Central Bank of Egypt announced that the balance of external debt rose by 3.4%, by about $ 1.1 billion, reaching $ 34.8 billion in the month of March, the equivalent of 208.8 billion pounds, according to published Arabic site. Net. Oaza and "central" reason for the rise in stock of external debt to increase the exchange rates of most currencies against the borrower by the U.S. dollar equivalent of about $ 2 billion, in addition to a net repayment of the loans and advances amounted to $ 874 million. The report added that the burden of external debt service increased by 137.8 million dollars, to reach $ 2.4 billion during the period from July to March of the financial year 2010-2011 compared to the corresponding period of previous fiscal year.
* Egypt: Wednesday, August 10, 2011 - 09:20
Central Bank of Egypt announced that the balance of external debt rose by 3.4%, by about $ 1.1 billion, reaching $ 34.8 billion in the month of March, the equivalent of 208.8 billion pounds, according to published Arabic site. Net. Oaza and "central" reason for the rise in stock of external debt to increase the exchange rates of most currencies against the borrower by the U.S. dollar equivalent of about $ 2 billion, in addition to a net repayment of the loans and advances amounted to $ 874 million. The report added that the burden of external debt service increased by 137.8 million dollars, to reach $ 2.4 billion during the period from July to March of the financial year 2010-2011 compared to the corresponding period of previous fiscal year.
