Egypt’s foreign reserves inch up USD 157 mn in December to USD 47.1 bn
Net foreign reserves have now increased month on month for 28 consecutive months
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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
Egypt's net foreign reserves have increased by about USD 11.2 bn since February
Fitch Ratings expects Egypt’s foreign currency reserves to reach USD 49.7 bn in the current fiscal year
FX reserves hit USD 46.1 bn at the end of May
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