Egypt's net foreign reserves rose to $45.42 billion in December, up from $45.354 billion in November, the Central Bank of Egypt said on Sunday.

 

Reserves have climbed sharply after Egypt adopted an economic reform programme in 2016.

 

Foreign exchange reserves in Egypt are foreign assets controlled by the CBE, made of gold or a foreign currency.

 

They can be used for special drawing rights and marketable securities denominated in foreign currencies, like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.