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Egypt's foreign debt rises to $ 48.1 billion by end of June
Mohamed Sameh Published in Albawaba on 12 - 10 - 2015

Egypt's central bank revealed Monday that foreign debt has risen to $ 48.1 billion by end of fiscal year 2014-2015, an increase by $ 2 billion from same period of previous fiscal year, Al Bawaba News reported.
The bank said in a statement that this rise is a result of an increase in net user of loans, which amounted to $ 5.4 billion, with a decline in exchange rates of most currencies borrowed against the US dollar.
This has led to a decline in the debt stock of $ 5.2 billion dollars, which in turn led to a rise in the foreign debt of $ 2 billion, according to the statement.

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