The Central Bank of Egypt's (CBE)
The NIR includes external assets held outside Egypt for precautionary and transactional purposes.
It provides insurance for the country to meet obligations and cushions against external shocks.
Moreover, the NIR supports a wide range of objectives internally.
It promotes and maintains confidence in monetary policies and exchange rate management, limits external vulnerability by maintaining foreign currency liquidity to absorb shocks during crises, and provides markets with confidence that a country can meet its external obligations.
Foreign currency assets, deposits, securities, gold, and International Monetary Fund (IMF) Special Drawing Rights (SDRs) are the main components of a country’s NIR.
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