Last Update 17:2
Thursday, 27 February 2020

Egypt's foreign reserves sufficient to cover eight months' imports: Central Bank official

Reuters , Tuesday 30 Jan 2018
Central Bank of Egypt (Photo: Reuters)
Views: 4489
Views: 4489
Egypt’s foreign reserves are sufficient to cover imports for eight-months, Central Bank Sub-governor Rami Aboul Naga said on Tuesday.
Egypt’s foreign reserves stood at $37.02 billion in December from $36.723 billion at the end of November.
Cairo’s foreign reserves have been climbing since the country secured a $12 billion, three-year International Monetary Fund loan programme in 2016 in a bid to lure back foreign investors and revive its ailing economy. 
Short link:



© 2010 Ahram Online.