Egypt Export Marketplace for products & services  •   Log in | Sign up  

Export Egypt Home
made in Egypt Egypt products
  Home  |  Products  |  Business Center  |  News   |  Events   |  My Account Follow us on Facebook
Products and vendors Services and providers Oil & Gas Software and publications

CBE: Egypt's Net Foreign Reserves Up to USD 44.258 Billion in June
Source: 7/6/2018

Egypt’s foreign currency reserves spiked by USD 120 million to reach USD 44.258 billion at the end of June, the Central Bank of Egypt (CBE) announced .

The nation's foreign currency reserves have been climbing for the 32 months in a row, the CBE said.

The rise in the country's foreign reserves was driven by the CBE's good management of the monetary policy file and cash reserves, with a commitment to settle all external obligations, bankers told MENA.

Egypt received on Friday the fourth tranche, valued $2 billion, out of a total $12 billion loan from the International Monetary Fund.

In November 2016, the IMF and Egypt reached an agreement on the three-year loan under which Egypt gets $4 billion annually.

Related Categories: Accounting, Statistics  Economics/Financial Analysis  General  Insurance 

Export Egypt - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us