Monday , November 23 2020

Egypt's international reserves rose slightly to $ 44.501 billion in October



CAIRO (Reuters) – Net international reserves reached $ 44.501 billion at the end of October, slightly up from the previous month, the central bank said on Monday.

The cash reserve was US $ 44,459 billion in September 2018.

The central bank could not be found to comment on the reasons for the slight increase in reserves.

Egypt's foreign reserves have steadily increased since Tariq Amer took office as governor of the central bank in October 2015 and doubled twice in July 2016 and October 2016.

Egypt's foreign debt stood at 92.64 billion dollars at the end of June, an increase of 17.2% over the previous year.

(Reuters)


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