{"id":567771,"date":"2020-12-07T03:49:25","date_gmt":"2020-12-07T03:49:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/"},"modified":"2020-12-07T03:49:25","modified_gmt":"2020-12-07T03:49:25","slug":"fx-reserves-hold-the-line-in-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/","title":{"rendered":"FX reserves hold the line in November"},"content":{"rendered":"

<\/a> Egypt\u2019s foreign currency reserves were broadly stable in November, inching up a<\/strong> modest USD 1.8 mn<\/strong> to USD 39.2 bn, according to Central Bank of Egypt figures<\/a>. October had seen<\/a> the largest monthly increase in foreign currency reserves this year, with FX holdings shooting up by USD 800 mn. Foreign reserves have been rebounding since June after declining by USD 10 bn between March and May this year when the central bank stepped in to cover portfolio outflows, debt repayments, and commodity imports during a global selloff of emerging market assets. Despite a steady increase, FX reserves are parked below their USD 45.5 bn February peak<\/a> thanks to the slow recovery of tourism and other covid-related pressure on FX sources.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s foreign currency reserves were broadly stable in November, inching up a modest USD 1.8 mn to USD 39.2 bn, according to Central Bank of Egypt figures. October had seen the largest monthly increase in foreign currency reserves this year, with FX holdings shooting up by USD 800 mn. Foreign reserves have been rebounding since […]<\/p>\n","protected":false},"author":1,"featured_media":567772,"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":[104,72,2234,655],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-foreign-exchange","tag-foreign-reserves","wpautop","entry"],"acf":{"mongo_id":"f7f9bbbd-b7e2-43d4-9369-56eaff9a4d8c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/114.jpg","photo_position":"above","related_issue":[567763],"teaser":"","voice_url":""},"yoast_head":"\nFX reserves hold the line in November - 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\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX reserves hold the line in November\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s foreign currency reserves were broadly stable in November, inching up a modest USD 1.8 mn to USD 39.2 bn, according to Central Bank of Egypt figures. October had seen the largest monthly increase in foreign currency reserves this year, with FX holdings shooting up by USD 800 mn. Foreign reserves have been rebounding since […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-07T03:49:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/114.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FX reserves hold the line in November\",\"datePublished\":\"2020-12-07T03:49:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/\"},\"wordCount\":123,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/114.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"foreign exchange\",\"foreign reserves\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/\",\"name\":\"FX reserves hold the line in November - 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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":567771,"position":1},"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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