Egypt’s net foreign assets jump 65.8% to USD 8.7 bn in January
This follows two consecutive months of decline in Egypt’s net foreign assets
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This follows two consecutive months of decline in Egypt’s net foreign assets
The decline was driven by a widening deficit in the net foreign assets of commercial banks
FX reserves declined to USD 35.8 bn in January
Net foreign reserves have now increased month on month for 28 consecutive months
Driven by a sharp decline in foreign assets in commercial bank
FX reserves rose to USD 36 bn in November
Reserves rose USD 205 mn from September’s USD 46.7 bn
FX reserves seem to have weathered early August’s global market meltdown
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