CBE: Foreign reserves up to 24.26 bn in Dec.
The Central Bank of Egypt
Cairo - MENA
The Central Bank of Egypt (CBE) on Thursday said its foreign reserves increased by 5.2 percent to hit 24.265 billion by the end of December, compared to 23.05 billion dollars in November.
Egypt's net foreign reserves have plunged more than half the volume since the 2011 revolution, which scared off tourists and investors – both considered main sources of foreign currency for Egypt.
In January 2011, Egypt's net reserves stood at some $36 billion.
- Monday ,05 November GMT 16:10 2018 Central Bank of Egypt: Foreign reserves rise to USD 44.501 bln in Oct.
- Tuesday ,25 April GMT 16:47 2017 CBE: Foreign trade transactions hit $28bn since pound liberalization
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