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African Forex Reserves: Egypt overtakes Nigeria for the first
Egypt's foreign exchange reserves have overtaken Nigeria's for the first
time since 2011. The North African country - which floated the pound
and secured IMF funding in November - has seen overseas holdings of
local currency bonds soar to $7.5 billion from just $100 million. Yasser
Hakim looks at how Egypt's economic growth has surpassed Nigeria.
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