Egypt Expects Boost In Cash And Investments From China
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Egypt Expects Boost In Cash And Investments From China

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Added by Headlines Africa in Egypt
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Egypt is expecting a major boost in cash and investments from China this week when President Xi Jinping makes an official tour of the country. The central bank is hoping to receive a $1 billion loan, to help shore up its foreign reserves. Egypt is battling to overcome an acute dollar shortage with a raft of rules aimed at cutting back imports and thereby reducing demand for hard currency.

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