Cairo – Mubasher: Egypt’s foreign reserves are adequate to cover imports for eight months, Reuters reported, citing Central Bank of Egypt (CBE) Sub-governor Rami Abulnaga.
Foreign reserves rose to $37.19 billion in December 2017 from $36.723 billion a month earlier.
Egypt's foreign reserves stood at $36 billion ahead of the January 25 Revolution in 2011.
Foreign reserves of the North African nation have been jumped since the country signed a three-year $12 billion loan programme with the International Monetary Fund (IMF) in 2016 in an effort to attract investors and revive the economy.
