Kuwait will transfer a total of $1bn to Egypt’s Central Bank next week, according to Hisham Ramez, Governor of the Central Bank of Egypt (CBE).
He added, in response to questions over a recent $2bn deposit made by Qatar, that Egypt’s foreign currency reserves were stable.
Ramez added that the bank’s foreign currency reserves totaled $18.9bn by the end of last August, prior to Qatar’s deposit.
Translated from Al Borsa newspaper