Egyptian tourism records 21.6% decline, halting reform efforts

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Wed, 2020-12-02 01:53

CAIRO: Egyptian tourism revenues have declined by 21.6 percent during the last fiscal year due to the coronavirus pandemic, the country’s central bank has said.

About 2.3 million Egyptian citizens also lost their jobs amid the pandemic during the fourth quarter of the fiscal year.

A report by the Central Bank of Egypt said that tourism and travel receipts recorded $9.85 billion in sales during the last fiscal year, compared to about $12.57 billion during the previous fiscal year, which was an all-time high.

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