Latest in Tag: International reserves Highlight
Latest in Tag: International reserves
Egypt net international reserves record 5-month high in December 2022
Egypt pays $2.5bn in external debt over last 2 months, country’s cash reserve covers 5.4 months of imports: Official
Egypt’s net international reserves cover five-month commodity imports: CBE
Net international reserves reaches $35.495bn in May 2022
Egypt’s net international reserves inch up to $37.123bn in April
Egypt’s international reserves consist of foreign exchange (FX), gold, special drawing rights (SDRs), and net loans from the International Monetary Fund (IMF).
Egypt’s net international reserves increase to $40.93bn in 2021 despite COVID-19 repercussions
Net international reserves up by $872m in 2021 from $40.062bn in 2020
Egypt’s net international reserves increase to $40.2bn in February: CBE
FX reserves increase by about $363m to $35.905bn in February
Gold, SDRs’ November decline interrupts Egypt’s net international reserves growth run
Egypt’s FX reserves increased by about $352m to $35.035bn: CBE
Egypt’s net international reserves up $795m in October to $39.22bn: CBE
Egypt’s international reserves consist of foreign currencies (FX), gold, special drawing rights (SDR), and net IMF loans.
Egypt’s net international reserves grow $51m in August to $38.366bn: CBE
Suez Canal revenues, tourism, exports, foreign investments, and remittances are most important resources for Egypt’s foreign currency reserves
Egypt’s net international reserves grow $113m in July to $38.315bn: CBE
Egypt’s international reserves consist of foreign currencies, gold, special drawing rights (SDR), and net IMF loans. The FX reserves support the local currency, whilst fulfilling the country’s overseas obligations, and guaranteeing Egypt’s imports of basic commodities for several months.
Egypt’s net international reserves retreat to $40bn in March amid global shocks
Bank directs $5.4bn to cover local hard currency needs, bridge gap from foreign investment decline
Relative stability in Egypt’s net international reserves at $42.6bn in March: Beltone
Egypt’s net international reserves continued their relatively stable status, increasing slightly by $87m to reach $42.61bn in March, up from $42.52bn a month earlier, and maintaining imports coverage at eight months worth of imports, according to a research note from Beltone Research. The note specified that such a slight increase is the result of the …
International reserves reach $26.363bn in January, increase by $2.1bn
The Central Bank of Egypt has announced on Sunday that Egypt’s international reserves reached $26.363bn in January, marking an increase of almost $2.1bn from December 2016’s value of $24.265bn. Since 2011, Egypt’s foreign currency reserves have been constantly drained at unsustainable rates to prevent currency devaluation. By October 2016, foreign reserves had dropped to $19bn …