Egypt has paid dlrs 720 million of its debt installment to Paris Club, a reliable source at the Central Bank of Egypt said.

In statements to MENA, the source said the repayment of Egypt's debts to Paris is part of Egypt's commitment to the Paris Club.

After payment of this July installment, Egypt's debts to Paris Club dropped to dlrs 2.83 billion down from dlrs 3.55 billion.

On July 1, Egypt also paid the last installment of its debts to Qatar standing at about dlrs 1 billion