File Photo: Central Bank of Egypt sailed well through the Financial Crisis. (Photo: Reuters)
Egypt’s foreign currency reserves spiked by $42 million to reach $44.501 billion in October against $44.459 billion in September, the Central Bank of Egypt (CBE) announced on Monday.
Reserves have been climbing since Egypt agreed a $12 billion three-year loan programme with the International Monetary Fund in late 2016, part of efforts to attract foreign investors and revive the economy.
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