The Egyptian Central Bank announced that its foreign debt value rose by $1.9 billion, reaching $28.5 billion by the end of September in the fiscal year of 2001/2002, reported Al-Sharq Al-Awsat . The bank attributed the rise in foreign debt to issuing dollar-denominated bonds and a rise in currency exchange rates. The foreign debt service cost burden also grew by $41.4 million, reaching $658.4 million during the same period. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
