Egypt’s imports from European Union decrease to $3.9B

CAIRO - 16 January 2018: Egypt’s imports from the European Union decreased by the end of Q4 of last fiscal year to reach $3.9 billion, compared to $4.3 billion in Q4 of fiscal year 2015/2016.

Egyptian Central Bank’s latest report showed that the imports of the last quarter of fiscal year 2016/2017 decreased by $400 million.

A banking source said to “youm7” that the Egyptian central bank, in co-operation with other banks and economic organizations, aim to rationalize use of dollars to be aimed at importing strartegic and basic commodities, medicines and raw materials.