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Egypt's central bank increases required foreign reserve ratio to 18% from 14% -statement

Kitco News

CAIRO, Sept 22 (Reuters) - Egypt's central bank has increased the required foreign reserve ratio to 18% from 14%, it said in a statement on Thursday.

"This works as a catalyst, complementing the tightening stance that the CBE is maintaining, by calibrating liquidity conditions," it added.

Reporting by Enas Alashray and Alaa Swilam; Editing by Chris Reese
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