Saudi Arabia renewed USD 5-6 bn of its deposits at CBE, Al Mal reported. The central bank signed an agreement with the Saudi Fund for Development (SFD) to extend the maturity of Saudi deposits held by the CBE up to 2022 on the sidelines of the annual meetings of the IMF in Washington. The kingdom's total deposits in Egypt amounted to USD 7.5 bn as of the end of last year and Egypt was poised to pay USD 5.2 bn during the second half of 2019, according to CBE's external positions report (pdf).

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