{"id":644906,"date":"2017-07-06T04:24:27","date_gmt":"2017-07-06T04:24:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/"},"modified":"2017-07-06T04:24:27","modified_gmt":"2017-07-06T04:24:27","slug":"egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/","title":{"rendered":"Egypt\u2019s net FX reserves grow to USD 31.3 bn in June"},"content":{"rendered":"

<\/a> Egypt\u2019s net FX reserves grew a measly USD 180 mn to USD 31.3 bn in June<\/strong>, up from USD 31.1 bn in May, the CBE said in a statement<\/a>. The growth was one of the smallest month-on-month gains in net FX reserves since the CBE floated the EGP back in November.<\/p>\n

...On the flipside, CBE Governor Tarek Amer confirmed in an exclusive to Enterprise that Tuesday saw FX inflows hit a single-day record of USD 704 mn<\/strong>. We had noted reports yesterday that the figure amounted to USD 618 mn. Other CBE sources tell Al Masry Al Youm<\/a> that Monday\u2019s inflows had reached USD 420 mn, for a total of USD 1.1 bn over those two days. A report by MENA news agency citing CBE officials<\/a> on Monday had noted that inflows since the EGP devaluation had hit USD 54 bn. It would appear that these record numbers had been behind the rally in the EGP which began on Monday. A spike in demand for the EGP had seen Banque Misr draw in its own single-day high of USD 75 mn, said bank chairman Mohamed El Etreby, according to Al Ahram<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 November. ...On the flipside, CBE […]<\/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-644906","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bff870b0-9c42-414c-a2fc-f120c604ddaa","order":"0","is_powered_by":true,"section_story_id":"7d3b3239-4f26-427e-bd7f-ccdc0afe692d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[644899],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s net FX reserves grow to USD 31.3 bn in June - 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\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s net FX reserves grow to USD 31.3 bn in June\" \/>\n<meta property=\"og:description\" content=\"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 November. ...On the flipside, CBE […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-06T04:24:27+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\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\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s net FX reserves grow to USD 31.3 bn in June\",\"datePublished\":\"2017-07-06T04:24:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/\"},\"wordCount\":195,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/egypts-net-fx-reserves-grow-to-usd-31-3-bn-in-june\/\",\"name\":\"Egypt\u2019s net FX reserves grow to USD 31.3 bn in June - 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Reserves fell by some USD 10 bn between March and May\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":632173,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/egypts-net-fx-reserves-rose-to-usd-38-2-bn-in-january\/","url_meta":{"origin":644906,"position":1},"title":"Egypt\u2019s net FX reserves rose to USD 38.2 bn in January","author":"enterpriseam admin","date":"5 February 2018","format":false,"excerpt":"Egypt\u2019s net FX reserves see biggest m-o-m jump since July: Egypt\u2019s net FX reserves rose to USD 38.2 bn as at the end of January, up from USD 37.02 bn at the end of December, making their biggest m-o-m jump since July last year, according to CBE figures released yesterday.\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":571557,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/egypts-fresh-imf-support-packages-will-help-boost-investor-confidence-portfolio-inflows-fitch\/","url_meta":{"origin":644906,"position":2},"title":"Egypt\u2019s fresh IMF support packages will help boost investor confidence, portfolio inflows -Fitch","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"Fresh funding from the IMF will help boost investor confidence in Egypt as portfolio outflows from emerging markets begin to reverse, Fitch Ratings said on Thursday. The government received last week a USD 2.8 bn rapid financing instrument (RFI) and is looking for as much as USD 5.5 bn under\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\/5\/170.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599688,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/egypts-fx-reserves-fall-for-first-time-after-egp-float\/","url_meta":{"origin":644906,"position":3},"title":"Egypt\u2019s FX reserves fall for first time after EGP float","author":"enterpriseam admin","date":"8 January 2019","format":false,"excerpt":"Foreign reserves have fallen for the first time in two years: Egypt\u2019s net foreign reserves fell in December for the first time since the currency float, coming at USD 42.551 bn fromUSD 44.513 bn at the end of November, the CBE said yesterday. 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