Latest in Tag: foreign reserves Highlight
Latest in Tag: foreign reserves
Egypt’s net foreign reserves increase to $45.456bn January-end: CBE
The January’s figure is the highest in the history of Egypt and it covers more than eight months of commodity imports.
Egypt’s net foreign reserves rise by $128m to $45.247bn in October
It’s the highest foreign exchange reserves in Egypt’s history, covering more than eight months of commodity imports.
Net foreign reserves up $52.1m to $44.969bn end-August
Value of gold reserve rises by $265m, decrease in foreign currencies value by $135m
Egypt’s net foreign reserves rose by $565m to $44.916bn end-July
According to the CBE, Egypt’s current net foreign reserves covers more than 8 months of commodity imports.
$1.44bn increase in foreign reserves to $44.06bn end-February: CBE
The foreign exchange reserves at the CBE have increased by $1.44bn by the end of February 2019, reaching $44.06bn, compared to $42.617bn by end of January 2019. The foreign exchange reserves recorded an all-time high by the end of November 2019, when they reached $44.51bn. The CBE has not revealed the reason behind the increase …
HC attributes $2bn decline in foreign reserves mainly to debt repayment
Egypt’s net international reserves declined to $42.551bn in December from $44.513bn in November 2018, according to the Central Bank of Egypt (CBE) data. HC Securities and Investment (HC) said on Tuesday that the $0.9bn foreign portfolio outflow corresponds to a net foreign liability position of domestic banks widening to $7.3bn in November from $5.5bn in …
Egypt’s foreign reserves down to 42.551bn in December: CBE
Egypt’s foreign currency reserves fell to $42.551bn in December, down from a peak of $44.513bn in November, the Central Bank of Egypt announced on Monday. Net foreign reserves has been on an upward path, since Egypt signed a $12bn, three-year IMF loan in November 2016, and the adoption of the country’s ambitious economic reform programme. …
Net foreign reserves increase by $40m, reaching $44.459bn by end of September: CBE
Foreign currencies up by $60m, gold down by $19m
Egypt foreign reserves hikes driven by external debt- report
Last Month, the foreign reserves came in USD 31.305 billion.
Egypt foreign reserves hit all-time high in July
The reserves jumped USD 4.7 billion in July, says the Central Bank of Egypt
Egypt foreign reserves reaches $31.305 billion in June; Pound steady
The reserves records 29% increase since the beginning of 2017
Egypt’s foreign exchange reserves to reach $28.5bn by March: CBE
Egypt expects the second tranche of a $12bn IMF loan by May
Net foreign exchange reserves increase to $24.265bn: CBE
This means that the CBE has neared its target of foreign exchange reserves estimated at $25bn
Gulf states provide Egypt with $6bn to support foreign reserves
Egypt’s foreign exchange reserves have been bolstered with $6bn from Saudi Arabia, the UAE, and Kuwait since Al-Sisi’s term began two years ago
Annual inflation rate increased by 0.1% in December
Expert predicts surge in foreign reserves, and decline of inflation rate following new import procedures
CBE awaits first segment of World Bank loan to support foreign reserves
Foreign reserves are facing major challenges by the beginning of 2016; repaying installments of foreign debts, covering local demand for dollars
Trade balance deficit increases by 38.8% YoY in July: CAPMAS
Egypt’s trade balance continues to face a deficit, despite the state announcements on attempts to counter this recurring problem
Egyptian foreign reserves enough for only 3 months imports: KECG Director
Foreign exhcange emerging economies could become more difficult if the US starts to raise interest rates, says Song
Egyptian pound devaluation is no longer optional: Salman
Egypt’s foreign reserves down by $500m over August
Fitch confirms Egypt’s “B” rating, outlook is stable
Budget deficit expected to decrease to 11.6% of GDP in FY15, in comparison to the 17.5% of GDP recorded in FY14, Fitch noted
CBE’s monetary policy vague, sets off alarm bells: Ernst & Young official
El-Kilany has previously criticised government for delays in implementing its promises to reduce tax rates
Egypt’s foreign reserves post largest rise since December 2011
International foreign reserves jumped to $20.5bn at the end of April 2015, compared to $15.29bn in previous month
There will never be a perfect timing for summit: Former Finance Minister
Government was sluggish in launching new investment law, investors were not given enough time to do their homework, says former Finance Minister Samir Radwan
Foreign reserves records $15.45bn in February
International reserves have been revolving around the same value since December
Foreign reserves increase $96m in January
Egypt repays $681m to Paris Club in January
International foreign reserves drop to $15.3bn
Egypt’s BOP recorded $410m surplus in Q1 2014/2015
$1.1bn decrease in foreign reserves from October to November: CBE
Decline mainly due to the repayment of accrued deposits to Qatar, claims economist
Foreign reserves register $1.7bn year-on-year decrease in October
October’s figure marks the fourth consecutive increase in foreign currency since a decrease of around $60m from May’s figure to June
International foreign reserves increase by $99m
Egypt to repay $0.5bn to Qatar in October; it is “ready to repay $2.5bn in November, if requested”, says CBE governor
Central bank registers stable foreign reserves in August: Governor
Foreigners’ purchases in bonds and treasury bills registered between $100m and $120m in the past month and a half