Cairo – Mubasher: Egypt’s gold reserves rose by $135 million or 5% month-on-month in January 2018, according to the Central Bank of Egypt's (CBE) data on Monday.
The value of the precious metal stood at $2.8 billion at the end of January, compared to $2.67 billion in December 2017.
Meanwhile, gold reserves surged by 15% year-on-year last month, against $2.45 billion in the prior-year period.
Moreover, the North African country’s special drawing rights (SDR) of the International Monetary fund (IMF) grew to $769 million.
Foreign-currency reserves increased to $34.61 billion in January 2018, versus $23.13 billion in the year-ago period, the CBE highlighted.
The CBE last announced that Egypt’s foreign reserves rose by 3.2% in January 2018 to $38.209 billion from $37.019 billion in December.
