The Central Bank of Egypt (CBE) on Thursday said its foreign reserves increased by 5.2 percent to hit 24.265 billion by the end of December, compared to 23.05 billion dollars in November.
Egypt's net foreign reserves have plunged more than half the volume since the 2011 revolution, which scared off tourists and investors – both considered main sources of foreign currency for Egypt.
In January 2011, Egypt's net reserves stood at some $36 billion.
GMT 20:00 2017 Saturday ,11 March
CBE: banks could secure $21bn to fund foreign trade since flotation of poundGMT 23:45 2017 Friday ,10 March
Egypt's foreign trade worth $21 billion since currency flotation: CBEGMT 04:36 2017 Saturday ,04 March
Egypt's foreign reserves rise to $26.5 mln in February: CBEGMT 03:16 2017 Tuesday ,28 February
Egypt central bank leaves key interest rates unchangedGMT 23:26 2017 Sunday ,01 January
Remittances of Egyptians abroad hit $3bn in 2 monthsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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