Foreign currency reserve rise to $44.513 bln in November: Central Bank of Egypt

MENA , Ahram Online , Tuesday 4 Dec 2018

File Photo: Egypt central bank (Photo:Reuters)

The Central Bank of Egypt (CBE) announced on Tuesday an increase in the Foreign currency reserve by around $12 million to reach $44.513 billion in November.

In October, the figure was $44.501 billion, the CBE said in a statement Tuesday. 

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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