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Inflows into Egypt banks register $9 bn since pound flotation: Central Bank official

Total inflows into the Egyptian banking system have reached $9 billion since the Egyptian pound was floated in November, assistant central bank sub-governor Rami Aboulnaga said on Tuesday.
 
Import-dependent Egypt has been facing a currency crunch since a popular uprising in 2011 drove away tourists and foreign investors. In an effort to attract inflows, it floated its currency on November 3.

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