{"id":642010,"date":"2017-08-03T03:54:02","date_gmt":"2017-08-03T03:54:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/rise-in-fx-reserves-must-be-scrutinized-to-determine-just-how-positive-it-actually-is\/"},"modified":"2017-08-03T03:54:02","modified_gmt":"2017-08-03T03:54:02","slug":"rise-in-fx-reserves-must-be-scrutinized-to-determine-just-how-positive-it-actually-is","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/rise-in-fx-reserves-must-be-scrutinized-to-determine-just-how-positive-it-actually-is\/","title":{"rendered":"Rise in FX reserves must be scrutinized to determine just how positive it actually is"},"content":{"rendered":"

The jump in Egypt\u2019s foreign reserves to record highs is all well and good, but what does <\/strong>it mean for the average citizen?<\/strong> That\u2019s Emad El Din Hussein\u2019s question in a column penned for Al Shorouk<\/a>. First, he says, we must understand whether the increase reflects a healthy domestic economy or just an aggregation of facilities that will need to be paid back. The second question to be posed pertains to the jump in Egypt\u2019s foreign debt and how it will affect the country\u2019s economic future, particularly as we consider our ability to repay. Lastly, Hussein wonders how the health of our FX reserves will reflect on the average citizen\u2019s life and whether it will play any role in improving living standards.<\/p>\n","protected":false},"excerpt":{"rendered":"

The jump in Egypt\u2019s foreign reserves to record highs is all well and good, but what does it mean for the average citizen? That\u2019s Emad El Din Hussein\u2019s question in a column penned for Al Shorouk. First, he says, we must understand whether the increase reflects a healthy domestic economy or just an aggregation of […]<\/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":[9411],"tags":[72,9410],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642010","post","type-post","status-publish","format-standard","hentry","category-on-deadline","tag-enterpriseam","tag-on-deadline","wpautop","entry"],"acf":{"mongo_id":"654e4e45-7399-4d2a-b43a-c5a4efbecdf2","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[641981],"teaser":"","voice_url":""},"yoast_head":"\nRise in FX reserves must be scrutinized to determine just how positive it actually is - 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\/2017\/08\/03\/rise-in-fx-reserves-must-be-scrutinized-to-determine-just-how-positive-it-actually-is\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rise in FX reserves must be scrutinized to determine just how positive it actually is\" \/>\n<meta property=\"og:description\" content=\"The jump in Egypt\u2019s foreign reserves to record highs is all well and good, but what does it mean for the average citizen? That\u2019s Emad El Din Hussein\u2019s question in a column penned for Al Shorouk. 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Egypt\u2019s reserves had increased USD 3 mby n in July, after jumping USD 116 mn in\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/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":567771,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/","url_meta":{"origin":642010,"position":3},"title":"FX reserves hold the line in November","author":"enterpriseam admin","date":"7 December 2020","format":false,"excerpt":"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. 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