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International Monetary Fund

Banking & Finance

Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘

MEA Finance - 0
The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025
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Banking & Finance

Egyptian banks suspend debit card use in foreign currency

MEA Finance - 0
Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.
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