Cairo – Mubasher: Egypt’s gold reserves fell slightly by $3 million or 0.1% month-on-month in February 2018, according to the Central Bank of Egypt's (CBE) data on Monday.
The value of the precious metal totalled $2.808 billion at the end of February, compared to $2.808 billion in January.
Meanwhile, gold reserves rose by 7% year-on-year last month, versus $2.62 billion in the prior-year period.
Moreover, the North African country’s special drawing rights (SDR) of the International Monetary fund (IMF) dropped to $746 million.
Foreign-currency reserves surged to $38.95 billion in February, versus $23.14 billion in the year-ago period, the CBE highlighted.
The CBE last announced that Egypt’s foreign reserves rose by 11.3% in February 2018 to $42.524 billion.
