Cairo – Mubasher: Egypt's foreign reserves rose marginally in October to $44.501 billion, compared to $44.459 billion in September, the Central Bank of Egypt (CBE) said on Monday.
The CBE previously posted that Egypt’s foreign reserves amounted to $36 billion prior to the 25th January revolution as the US dollar sources contracted, mainly foreign direct investment (FDI) and tourism.
Egypt aims to raise its foreign reserves to more than six months of imports in fiscal year 2018/2019.
