{"id":627846,"date":"2018-06-13T04:25:48","date_gmt":"2018-06-13T04:25:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/"},"modified":"2018-06-13T04:25:48","modified_gmt":"2018-06-13T04:25:48","slug":"fx-reserves-enough-to-cover-nine-months-of-imports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/","title":{"rendered":"FX reserves enough to cover nine months of imports."},"content":{"rendered":"

Egypt now has FX reserves on hand sufficient to cover nine months of imports,<\/strong> CBE Tarek Amer said in a speech at the annual African Development Bank meeting in Busan, South Korea<\/a>. Amer is reported to have said<\/a> that the move was necessary because there could be no improvement in the country\u2019s business climate without first addressing structural problems in the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt now has FX reserves on hand sufficient to cover nine months of imports, CBE Tarek Amer said in a speech at the annual African Development Bank meeting in Busan, South Korea. Amer is reported to have said that the move was necessary because there could be no improvement in the country\u2019s business climate without […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627846","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"458c6706-95ce-4db7-ab88-dc6b4f10b10a","order":"0","is_powered_by":true,"section_story_id":"e5ae757b-6355-4c8d-9c53-9c50e4949ba6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627836],"teaser":"","voice_url":""},"yoast_head":"\nFX reserves enough to cover nine months of imports. - 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\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX reserves enough to cover nine months of imports.\" \/>\n<meta property=\"og:description\" content=\"Egypt now has FX reserves on hand sufficient to cover nine months of imports, CBE Tarek Amer said in a speech at the annual African Development Bank meeting in Busan, South Korea. Amer is reported to have said that the move was necessary because there could be no improvement in the country\u2019s business climate without […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-13T04:25:48+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\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FX reserves enough to cover nine months of imports.\",\"datePublished\":\"2018-06-13T04:25:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/\"},\"wordCount\":72,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/fx-reserves-enough-to-cover-nine-months-of-imports\/\",\"name\":\"FX reserves enough to cover nine months of imports. - 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Net FX reserves had reached USD 44.45 bn at the end of September.","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":600248,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/central-bank-of-egypt-committed-to-liberalized-fx-market-egp-will-see-volatility-natural-amer-says\/","url_meta":{"origin":627846,"position":2},"title":"Central Bank of Egypt committed to liberalized FX market, EGP will see volatility natural, Amer says","author":"enterpriseam admin","date":"23 January 2019","format":false,"excerpt":"We\u2019re going to see more volatility in the EGP exchange rate, central bank\u2019s Amer says: You can expect to see the long-stable EGP move around a bit against key currencies after the scrapping of a parallel central bank mechanism that guaranteed foreign investors could repatriate FX, CBE Governor Tarek Amer\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\/2020\/3\/345.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574381,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/fx-reserves-rise-slightly-in-august\/","url_meta":{"origin":627846,"position":3},"title":"FX reserves rise slightly in August","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"FX reserves rise slightly in August: Foreign reserves rose in August for the third month running, coming in at USD 38.37 bn from USD 38.31 in July, according to central bankfigures released yesterday. The country has added a little over USD 2 bn to its stockpiles over the past three\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":644906,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/","url_meta":{"origin":627846,"position":4},"title":"Egypt\u2019s net FX reserves grow to USD 31.3 bn in June","author":"enterpriseam admin","date":"6 July 2017","format":false,"excerpt":"Egypt\u2019s net FX reserves grew a measly USD 180 mn to USD 31.3 bn in June, up from USD 31.1 bn in May, the CBE said in a statement. The growth was one of the smallest month-on-month gains in net FX reserves since the CBE floated the EGP back in\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":652369,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/cbe-reserves-end-2016-at-usd-24-3-bn\/","url_meta":{"origin":627846,"position":5},"title":"CBE reserves end 2016 at USD 24.3 bn","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"The Central Bank of Egypt had reserves totaling USD 24.3 bn at the end of 2016, after adding USD 1.2 bn to the balance recorded in November and registering the highest balance since August 2011. 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