{"id":646057,"date":"2017-06-05T04:20:09","date_gmt":"2017-06-05T04:20:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/"},"modified":"2017-06-05T04:20:09","modified_gmt":"2017-06-05T04:20:09","slug":"fx-reserves-up-to-usd-31-1-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/","title":{"rendered":"FX reserves up to USD 31.1 bn"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Reserves close-in on pre-2011 levels: <\/strong>The central bank\u2019s foreign reserves increased to USD 31.13 bn at the end of May, from USD 28.64 bn a month earlier, <a href=\"http:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/--Net-International-Reserves-reached-US$-31125-6-mn-at-the-end-of-May,-2017.aspx\">according to the CBE<\/a>. The central bank <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/01\/foreign-investment-in-treasuries-up-13-in-the-past-week-alone\/\">had received<\/a> the USD 3.2 bn raised from the successful eurobond sale before the end of May, and an unnamed official said they would be used to bolster reserves. <strong>This is a major milestone, <\/strong>since, as <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-04\/pre-revolt-level-in-sight-for-egypt-reserves-after-may-gains\">Bloomberg\u2019s Ahmed Feteha<\/a> notes, the level of reserves is the highest since February 2011 and just USD 5 bn shy of the USD 36 bn peak recorded in December 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reserves close-in on pre-2011 levels: The central bank\u2019s foreign reserves increased to USD 31.13 bn at the end of May, from USD 28.64 bn a month earlier, according to the CBE. The central bank had received the USD 3.2 bn raised from the successful eurobond sale before the end of May, and an unnamed official [&hellip;]<\/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-646057","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c5a85560-6ac1-4a6f-bf11-1971a1113698","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[646051],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FX reserves up to USD 31.1 bn - 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\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX reserves up to USD 31.1 bn\" \/>\n<meta property=\"og:description\" content=\"Reserves close-in on pre-2011 levels: The central bank\u2019s foreign reserves increased to USD 31.13 bn at the end of May, from USD 28.64 bn a month earlier, according to the CBE. The central bank had received the USD 3.2 bn raised from the successful eurobond sale before the end of May, and an unnamed official [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-05T04:20:09+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\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FX reserves up to USD 31.1 bn\",\"datePublished\":\"2017-06-05T04:20:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/\"},\"wordCount\":101,\"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\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/\",\"name\":\"FX reserves up to USD 31.1 bn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-06-05T04:20:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FX reserves up to USD 31.1 bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FX reserves up to USD 31.1 bn - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/fx-reserves-up-to-usd-31-1-bn\/","og_locale":"en_US","og_type":"article","og_title":"FX reserves up to USD 31.1 bn","og_description":"Reserves close-in on pre-2011 levels: The central bank\u2019s foreign reserves increased to USD 31.13 bn at the end of May, from USD 28.64 bn a month earlier, according to the CBE. 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The small increase comes despite the IMF dispatching the final USD 2 bn trancheof the USD 12\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":648402,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/cbe-expects-reserves-to-reach-usd-28-5-bn-in-march\/","url_meta":{"origin":646057,"position":2},"title":"CBE expects reserves to reach USD 28.5 bn in March","author":"enterpriseam admin","date":"3 April 2017","format":false,"excerpt":"The Central Bank of Egypt expects FX reserves to jump to over USD 28.5 bn in March, since March 2011 when the figure plunged after the events of 25 January, CBE Assistant Sub-Governor Rami Aboul Naga noted yesterday. Reserves had hit USD 26.5 bn in February, with the increase likely\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598791,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/egypts-foreign-reserves-inch-up-in-may\/","url_meta":{"origin":646057,"position":3},"title":"Egypt\u2019s foreign reserves inch up in May","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"Foreign reserves inch up to USD 44.27 bn at end-May: Egypt added USD 112 mn to its reserves base in May to close the month at USD 44.274 bn compared to USD 44.218 bn at end-April, the central bank said. The central bank had made debt payment of USD 406\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":574381,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/fx-reserves-rise-slightly-in-august\/","url_meta":{"origin":646057,"position":4},"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 &quot;Speed Round&quot;","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":646057,"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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