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Egypt waiting for a deposit of Iraq worth $ 4 billion
2013-03-19 17:45:20
BAGHDAD / future Iraqi official said a senior banker at the Central Bank of Egypt said his country was waiting for a deposit of Iraq worth four billion dollars, to support its foreign exchange reserves. The official said in a press statement yesterday that «the deposit studied by the Iraqi authorities awarded for Egypt, which are estimated at four billion dollars, will help to boost the country's reserves of foreign exchange. He added that «existing stocks of foreign reserves at the Central Bank of Egypt, estimated at $ 13.5 billion, including about $ 6 billion and deposits of Qatar, Saudi Arabia and Turkey. Did not disclose details of the deposit-looking Iraqi Iraqi authorities awarded for Egypt, and whether they will reach Egypt كشرائح over several months, or in a lump sum.
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