Last Update 18:22
Monday, 27 January 2020

Egypt net foreign reserves rise to $44.14 bln at end-May: Central Bank

Reuters , Monday 4 Jun 2018
File Photo: Central Bank of Egypt's headquarters seen in downtown Cairo, Egypt, September 7, 2017 (Photo: Reuters)
Views: 4189
Views: 4189

Egypt’s net foreign reserves rose to $44.14 billion at the end of May from $44.030 billion at the end of April, the central bank said on Monday.

Egypt’s foreign reserves have been climbing since it secured a $12 billion, three-year International Monetary Fund loan programme in 2016 as part of efforts to woo foreign investors and revive its ailing economy.

Short link:



© 2010 Ahram Online.