Egypt registers increase in international reserves

Thus, foreign reserves in Egypt increased during April, By 41 million dollars compared to March.

At the end of March, international foreign currency reserves fell to US$37.08 billion from US$40.99 billion in February, according to CBE data.

The central bank said that despite the fall, which was recorded in March, the reserve “is able to cover more than five months of commodity imports, beating international indicators of reserve adequacy”.

Leave a Comment