foreign currency reserves Archives

Egypt’s foreign currency reserves fall to a record level

The Central Bank of Egypt revealed that net foreign currency reserves initially reached US$33.14 billion at the end of July 2022, compared to $33.37 billion at the end of June. The balance of payments incurred a total deficit of about $7.3 billion, almost all recorded during the first nine months from 2021-2022 until March due …

The post Egypt’s foreign currency reserves fall to a record level appeared first on Egypt Independent.

Egypt Independent August 9, 2022

Egypt’s foreign currency reserves down by US$ 1.628 billion in May, CBE

The Central Bank of Egypt (CBE) said that the foreign currency reserves reached about US$35.495 billion at the end of May, compared to $37.123 billion at the end of the previous April, a decrease of $1.628 billion. In a statement on Monday, the CBE explained that this decrease came against the background of the role …

The post Egypt’s foreign currency reserves down by US$ 1.628 billion in May, CBE appeared first on Egypt Independent.

Egypt Independent June 7, 2022