Large part of the bill paid in Egyptian pounds, says source
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Governor also downplays negative effects on foreign currency reserves
Extension of Borollos fields project delayed until early 2016, claims official
Egypt’s foreign currency reserves, which stood at $36bn before autocrat Hosni Mubarak was ousted in 2011, have been under pressure ever since and fell to $17.8bn in November from $18.6bn in October.