Egypt's net foreign reserves rise slightly to $34.806 bln

Ahram Online , Thursday 6 Jul 2023

The Central Bank of Egypt (CBE) announced on Thursday that its net foreign reserves (NIRs) rose slightly by $146 million to reach $34.806 billion in June compared with $34.660 billion in the previous month.

CBE
Egypt s Central Bank

 

Egypt’s NIRs have been ticking upward after being hit hard by the Ukraine war last year. They reached a low point of $33.14 billion in August 2022 after declining from $40.9 billion prior to the war in February 2022.

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