Egypt, China $2.7 billion currency swap deal signed in October almost finalized

Egyptian President Abdel Fattah el Sisi has announced that Egypt and China are close to finalising details for a currency swap agreed at the end of October. The 2.7 billion dollar currency swap agreement opened the door for Egypt to receive an IMF loan worth 12 billion dollars last week. Yasser Hakim now looks at how Egypt will benefit from the currency swap with China
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