An employee counts U.S. dollars in a foreign exchange office in central Cairo, Egypt. AFP
In June, foreign currency reserves inched up to post $36,8 billion, up from $36.5 billion in May, according to the CBE's data.
Meanwhile, gold reserves slightly declined at the end of June to $9.4 billion, down from 9.5 billion recorded in May.
Egypt's international financial institutions and development partners have committed over $57 billion in financial packages for the country amid the ongoing global and regional tensions.
These packages include increasing the ongoing Extended Fund Facility (EFF) loan programme for Egypt by $5 billion to reach $8 billion, $6 billion pledged by the World Bank Group, $8 billion committed by the European Union, and the $35 billion Ras El-Hekma deal the government signed in February with the UAE.
During the Egypt-EU Investment Forum that Egypt hosted on 29-30 June, the two sides sealed an agreement that unlocks 1 billion euros out of the 7.4 billion euros ($8 billion) the union committed to the country.
Replenishing Egypt's NIRs is a key objective under the IMF's loan deal with Egypt.
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