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The January’s figure is the highest in the history of Egypt and it covers more than eight months of commodity imports.
It’s the highest foreign exchange reserves in Egypt’s history, covering more than eight months of commodity imports.
Value of gold reserve rises by $265m, decrease in foreign currencies value by $135m
According to the CBE, Egypt’s current net foreign reserves covers more than 8 months of commodity imports.
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 …
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 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. …
Foreign currencies up by $60m, gold down by $19m
Last Month, the foreign reserves came in USD 31.305 billion.
The reserves jumped USD 4.7 billion in July, says the Central Bank of Egypt
The reserves records 29% increase since the beginning of 2017
Egypt expects the second tranche of a $12bn IMF loan by May
This means that the CBE has neared its target of foreign exchange reserves estimated at $25bn
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
Expert predicts surge in foreign reserves, and decline of inflation rate following new import procedures
Foreign reserves are facing major challenges by the beginning of 2016; repaying installments of foreign debts, covering local demand for dollars
Egypt’s trade balance continues to face a deficit, despite the state announcements on attempts to counter this recurring problem
Foreign exhcange emerging economies could become more difficult if the US starts to raise interest rates, says Song
Egypt’s foreign reserves down by $500m over August
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
El-Kilany has previously criticised government for delays in implementing its promises to reduce tax rates
International foreign reserves jumped to $20.5bn at the end of April 2015, compared to $15.29bn in previous month
Government was sluggish in launching new investment law, investors were not given enough time to do their homework, says former Finance Minister Samir Radwan
International reserves have been revolving around the same value since December
Egypt repays $681m to Paris Club in January
Egypt’s BOP recorded $410m surplus in Q1 2014/2015
Decline mainly due to the repayment of accrued deposits to Qatar, claims economist
October’s figure marks the fourth consecutive increase in foreign currency since a decrease of around $60m from May’s figure to June
Egypt to repay $0.5bn to Qatar in October; it is “ready to repay $2.5bn in November, if requested”, says CBE governor
Foreigners’ purchases in bonds and treasury bills registered between $100m and $120m in the past month and a half