{"id":614690,"date":"2024-02-06T00:00:00","date_gmt":"2024-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/"},"modified":"2024-02-06T00:00:00","modified_gmt":"2024-02-06T00:00:00","slug":"fx-reserves-see-slight-uptick-in-january","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/","title":{"rendered":"FX reserves see slight uptick in January"},"content":{"rendered":"

Net foreign reserves saw a marginal increase in January<\/strong>, with USD 30 mn added to the stockpile, according to central bank data<\/a> released yesterday. Reserves rose to USD 35.25 bn compared to USD 35.22 bn at the end of December<\/a>, marking the seventeenth consecutive month of (incremental) increases.<\/p>\n

Rewind:<\/strong> Egypt\u2019s reserves took a hit in 2022 when the double-blow of Russia\u2019s invasion of Ukraine and tightening global financial conditions triggered capital flight from emerging markets. While Egypt\u2019s reserves lost almost USD 8 bn in the six months between February and August 2022, they have been able to recoup more than USD 2 bn over the past 17 months.<\/p>\n","protected":false},"excerpt":{"rendered":"

The country\u2019s reserves inched up to just under USD 35.25 bn by the end of January<\/p>\n","protected":false},"author":1,"featured_media":614691,"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-614690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-central-bank-of-egypt","tag-economy","tag-enterpriseam","tag-foreign-reserves","wpautop","entry"],"acf":{"mongo_id":"a74330b4-682b-4328-b995-9b55af6d3ff6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/376.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s foreign currency reserves see slight uptick in January","related_issue":[614678],"teaser":"The country\u2019s reserves inched up to just under USD 35.25 bn by the end of January","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.ee5ab647-bcef-447e-a56c-a2a3b67f5e97.mp3"},"yoast_head":"\nFX reserves see slight uptick in January - 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\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX reserves see slight uptick in January\" \/>\n<meta property=\"og:description\" content=\"The country\u2019s reserves inched up to just under USD 35.25 bn by the end of January\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-06T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/376.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\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FX reserves see slight uptick in January\",\"datePublished\":\"2024-02-06T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/\"},\"wordCount\":110,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/376.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Central Bank of Egypt\",\"economy\",\"EnterpriseAM\",\"foreign reserves\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/fx-reserves-see-slight-uptick-in-january\/\",\"name\":\"FX reserves see slight uptick in January - 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