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Wednesday, 12 December 2018

Egypt net foreign reserves up to $44.459 bln end-September: Central bank

Reuters , Tuesday 9 Oct 2018
Central Bank
File photo: Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt, November 3, 2016. (Reuters)
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Egypt’s net foreign reserves rose to $44.459 billion at the end of September, from $44.42 billion a month earlier, its central bank said 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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