Egypt’s foreign reserves up to $44.5bn

Cairo - Mubasher: The Central Bank of Egypt (CBE) said that the country’s net international reserves reached $44.5 billion by the end of September 2018.

Data showed on Thursday an increase of $200 million or nearly 0.5% during the first quarter of fiscal year 2018/2019.

Reserves cover 8.5-month worth of imports, according to the central bank.

Mubasher Contribution Time: 26-Oct-2018 14:43 (GMT)
Mubasher Last Update Time: 26-Oct-2018 14:43 (GMT)