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Egypt poised to repay $500 mln deposit to Qatar

Egypt poised to repay $500 mln deposit to Qatar
Hisham Ramiz, Governor of the Central Bank of Egypt (CBE), said Egypt will repay a $500 million deposit to Qatar in early October.
If Qatar asks Egypt to repay another deposit worth $2.5 billion in early November, it will be ready for repayment, Ramiz added.
The Governor also noted that in case of repaying the $2.5 billion deposit in November, the foreign reserve will be impacted but the cash flows and the dollar-denominated resources are in increase and will absorb this impact.