egypts foreign reserves up in january
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Egypt's foreign reserves up in January

Egypt Today, egypt today

Egypt Today, egypt today Egypt's foreign reserves up in January

Egypt's foreign reserves up in January
Cairo - MENA

The Central Bank of Egypt (CBE) said Thursday the country's foreign currency reserves were up $32 million in January.

Forex reserves hit $16.774 billion at the end of January against $16.445 billion in December, the CBE said in a press statement.

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.

 

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