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Egypt announces payment of billions of dollars in debt

UNITED STATES, WASHINGTON (OBSERVATORY) — The Central Bank of Egypt (CBE) announced the repayment of more than $ 25 billion of debts and interest on Egypt’s debt over the past two years, from the end of March 2017 to the end of March 2019.

The central bank said in its monthly report released on Wednesday that these debts are spread over $ 21 billion in debt repayments and about $ 5 billion interest paid.

During the first quarter of this year, $ 3.04 billion was repaid, with $ 2.1 billion in debt repayments and $ 946.6 million in debt interest.

An official source at the Central Bank told the Middle East News Agency earlier, that has been paid about 36.7 billion dollars of debt since the revolution of June 30, 2013.

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