Egypt's net int'l reserves decline by 232 mln USD in July

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Egypt's net int'l reserves decline by 232 mln USD in July

STORY: Egypt's net int'l reserves decline by 232 mln USD in July DATELINE: Aug. 8, 2022 LENGTH: 00:00:52 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. wide shot of the River Nile in Cairo 2. various shots of the Central Bank of Egypt 3. various shots of an accountant counting banknotes 4. exterior shots of the National Bank of Egypt 5. various of street views STORYLINE: The Central Bank of Egypt (CBE) said on Sunday the country's net international reserves (NIRs) decreased by 232 million U.S. dollars in July to register 33.143 billion U.S. dollars, down from 33.3 billion U.S. dollars at the end of June. After the recovery from COVID-19's severe impacts, Egypt's NIRs continue to be hit by the spillovers of the Russia-Ukraine conflict that sparked in late February. As a result, Egypt's NIRs dropped in March to 37 billion U.S. dollars, down from 40.9 billion U.S. dollars in February. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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