{"id":548414,"date":"2022-08-08T03:45:35","date_gmt":"2022-08-08T03:45:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/"},"modified":"2022-08-08T03:45:35","modified_gmt":"2022-08-08T03:45:35","slug":"foreign-reserves-dip-for-third-consecutive-month-in-july","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/","title":{"rendered":"Foreign reserves dip for third consecutive month in July"},"content":{"rendered":"

<\/a> Foreign reserves fall again in July:<\/strong> Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn<\/a> a month earlier, according to central bank figures<\/a> released yesterday.<\/p>\n

Foreign reserves have declined by almost 20% <\/strong>since March<\/a><\/strong> as the fallout from the war in Ukraine and rising interest rates force the central bank to intervene to cover portfolio outflows, finance imports and meet debt repayments. The market volatility led to USD 14.75 bn<\/a> leaving the country during the first three months of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Foreign reserves fall again in July: Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn a month earlier, according to central bank figures released yesterday. Foreign reserves have declined by almost 20% since March as the fallout from the war in Ukraine and rising interest rates force the central bank […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[271,104,72,655],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548414","post","type-post","status-publish","format-standard","hentry","category-economy","tag-central-bank-of-egypt","tag-economy","tag-enterpriseam","tag-foreign-reserves","wpautop","entry"],"acf":{"mongo_id":"b83f7b83-62a3-4572-8a67-2d8ca7599bd0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548406],"teaser":"","voice_url":""},"yoast_head":"\nForeign reserves dip for third consecutive month in July - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign reserves dip for third consecutive month in July\" \/>\n<meta property=\"og:description\" content=\"Foreign reserves fall again in July: Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn a month earlier, according to central bank figures released yesterday. Foreign reserves have declined by almost 20% since March as the fallout from the war in Ukraine and rising interest rates force the central bank […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-08T03:45:35+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Foreign reserves dip for third consecutive month in July\",\"datePublished\":\"2022-08-08T03:45:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/\"},\"wordCount\":91,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Central Bank of Egypt\",\"economy\",\"EnterpriseAM\",\"foreign reserves\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/foreign-reserves-dip-for-third-consecutive-month-in-july\/\",\"name\":\"Foreign reserves dip for third consecutive month in July - 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Reserves increased to USD 38.31\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/04\/reserves-barely-inch-up-in-july\/","url_meta":{"origin":548414,"position":2},"title":"Reserves barely inch up in July","author":"enterpriseam admin","date":"4 August 2021","format":false,"excerpt":"FX reserves increase marginally in July: Egypt\u2019s foreign currency reserves inched up to USD 40.61 bn in July from USD 40.58 bn in June, according to official figures released by the Central Bank of Egypt today. FX reserves rose by almost USD 116 mn in June.Reserves are still about USD\u2026","rel":"","context":"In "SPEED ROUND: ECONOMY"","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557122,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/07\/fx-reserves-inch-up-in-august\/","url_meta":{"origin":548414,"position":3},"title":"FX reserves inch up in August","author":"enterpriseam admin","date":"7 September 2021","format":false,"excerpt":"Egypt\u2019s foreign currency reserves inched up by USD 62.9 mn in August, reaching USD 40.67 bn from USD 40.61 bn in July, according to official figures released by the Central Bank of Egypt yesterday. 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