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    Egypt's central bank lifts limits on foreign currency transfers

    The Central Bank of Egypt (CBE) announced on Wednesday afternoon that has lifted the limits on foreign currency transfers.

     

    On 6 January 2014, the CBE limited foreign currency transfers to $100,000 per individual per year.

    At the end of May, Egypt's foreign reserves edged up to $31.125 billion, nearing pre-2011 reserves, which were estimated at $36 billion.

     

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