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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Egypt’s foreign reserves plunge $1.7 bln in Feb

Posted on 08 March 2011

From Reuters: Egypt’s net foreign reserves plunged by $1.69 billion in February, their biggest one-month decline in over a decade as political turmoil drove capital out of the country and put pressure on its currency.
The central bank played down the decline but analysts said the figure did not seem to reflect the full extent of capital outflows from the Egyptian economy……………………………………….Full Article: Source


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