Cairo – Mubasher: The Central Bank of Egypt (CBE) on Wednesday posted that Egypt’s foreign exchange reserves rose $107 million to $36.143 billion in August 2017, compared to $36.036 billion in July 2017.
Egypt is implementing an economic reform programme in coordination with the International Monetary Fund (IMF), in order to obtain a $12 billion loan, as the government got the first tranche of $2.75 billion in November 2016.
The CBE had previously reported a 38.2% year-on-year surge in external debt for the first nine months of fiscal year 2016/2017.
