Latest in Tag: FX reserves Highlight
Latest in Tag: FX reserves
$222m increase in Egypt’s FX reserves during November 2021: CBE
Gold reserves also grow by $5m, while SDRs decline $197m
Strong FX reserves, structural reforms support Egypt against external shocks: CBE
Aboul Naga’s comments came during the opening session of the Payment, FinTech, and Digital Inclusion Forum and Exhibition (Pafix) on Monday.
Central banks lose over $175bn of FX reserves due to COVID-19
Egypt’s banking sector has survived decline in foreign investments, reflecting economic stability
Gold value in FX reserves up $153m in December
This reserve level is the highest ever in the history of Egypt, and covers more than 8 months of commodities’ imports to Egypt.
Intertwined factors will set fate of interest rates, exchange rate, FX reserves, inflation in 2019: Analysts, bankers
Inflation will be at 10%-14%, some analysis points to 17.8%
Gold value listed in FX reserves growth curbs reserves decline in December 2018
FX reserves gold value increased by $104m, foreign currencies down by $2.068bn
FX Reserves to external debt highest in 6 years: CBE
An additional $12.7m new increase in FX reserves, reaching $44.513bn by the end of November
Highest level of FX reserves in history reached by end of October
CBE: $86m increase in value of gold, foreign currencies balance down by $36m
CBE’s renewal of repurchase agreement with international banks to provide some support for FX reserves: Beltone
Company expects local currency will stabilise against dollar for rest of 2018, with possibility of slight fluctuation below EGP 18 per dollar
Non-intervention in exchange market contributed to maintaining FX Reserves: CBE
Interest rate cut on pound supported rise in real asset prices on EGX
FX reserves climbed to $44.029bn end-April 2018: CBE
Foreign exchange reserves at the Central Bank of Egypt continued to rise in April 2018, reaching $44.029bn from $42.611bn at the end of March 2018, an increase of about $1.418bn. This marks the highest level of foreign exchange reserves in the history of the Central Bank of Egypt. The reserves are sufficient to cover over …
CBE governor reveals secret of FX reserves hike in January 2018
CBE, banks proceeds amount to $5.6bn in January, Paris Club premiums down to $350m, including $60m paid in December 2017, $290m in January