{"id":646161,"date":"2017-06-07T03:32:09","date_gmt":"2017-06-07T03:32:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/"},"modified":"2017-06-07T03:32:09","modified_gmt":"2017-06-07T03:32:09","slug":"egypts-fx-reserves-overtakes-nigeria","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/","title":{"rendered":"Egypt\u2019s FX reserves overtakes Nigeria"},"content":{"rendered":"<p><strong>Are you paying attention, Nigeria?<\/strong> Egypt\u2019s net FX reserves overtook Nigeria\u2019s for the first time since 2011, Paul Wallace writes for <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-06\/egypt-s-forex-reserves-surpass-nigeria-for-first-time-in-six-years-chart\">Bloomberg<\/a>. Egypt\u2019s reserves reached USD 31.1 bn in May, with inflows reaching USD 7.5 bn, speeding up considerably since the central bank adopted a full float of the EGP. Nigeria\u2019s central bank is trying its hand at a managed float and saw its reserves fall 2.3% in May, the lesson here being obvious.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you paying attention, Nigeria? Egypt\u2019s net FX reserves overtook Nigeria\u2019s for the first time since 2011, Paul Wallace writes for Bloomberg. Egypt\u2019s reserves reached USD 31.1 bn in May, with inflows reaching USD 7.5 bn, speeding up considerably since the central bank adopted a full float of the EGP. Nigeria\u2019s central bank is trying [&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-646161","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1a6a2f0d-fb5e-4fda-b7aa-79d4cf02d9f0","order":"0","is_powered_by":true,"section_story_id":"5da4e922-06af-4ee9-b913-e4ffbe82e274","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646149],"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>Egypt\u2019s FX reserves overtakes Nigeria - 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\/07\/egypts-fx-reserves-overtakes-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s FX reserves overtakes Nigeria\" \/>\n<meta property=\"og:description\" content=\"Are you paying attention, Nigeria? Egypt\u2019s net FX reserves overtook Nigeria\u2019s for the first time since 2011, Paul Wallace writes for Bloomberg. Egypt\u2019s reserves reached USD 31.1 bn in May, with inflows reaching USD 7.5 bn, speeding up considerably since the central bank adopted a full float of the EGP. Nigeria\u2019s central bank is trying [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-07T03:32:09+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\/07\/egypts-fx-reserves-overtakes-nigeria\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s FX reserves overtakes Nigeria\",\"datePublished\":\"2017-06-07T03:32:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/\"},\"wordCount\":80,\"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\/07\/egypts-fx-reserves-overtakes-nigeria\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/\",\"name\":\"Egypt\u2019s FX reserves overtakes Nigeria - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-06-07T03:32:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/egypts-fx-reserves-overtakes-nigeria\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt\u2019s FX reserves overtakes Nigeria\"}]},{\"@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":"Egypt\u2019s FX reserves overtakes Nigeria - 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\/07\/egypts-fx-reserves-overtakes-nigeria\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s FX reserves overtakes Nigeria","og_description":"Are you paying attention, Nigeria? 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The fall is attributed to year-end interest\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":600672,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/egypts-fx-reserves-reach-usd-42-616-bn-at-end-january\/","url_meta":{"origin":646161,"position":1},"title":"Egypt\u2019s FX reserves reach USD 42.616 bn at end-January","author":"enterpriseam admin","date":"6 February 2019","format":false,"excerpt":"Egypt\u2019s net foreign reserves were essentially stable at USD 42.616 bn at the end of January compared to USD 42.551 bn the previous month, the central bank announced on Tuesday. This came after reserves fell in December for the first time since the currency float, coming at USD 42.551 bn\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":597829,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/egypts-fx-reserves-reach-usd-44-218-bn-at-end-april\/","url_meta":{"origin":646161,"position":2},"title":"Egypt\u2019s FX reserves reach USD 44.218 bn at end-April","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"Egypt\u2019s foreign reserves were essentially unchanged at USD 44.218 bn at the end of April, up slightly from USD 44.112 bn the previous month, the central bank announced yesterday.","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":596730,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/egypts-fx-reserves-inch-up-in-june\/","url_meta":{"origin":646161,"position":3},"title":"Egypt\u2019s FX reserves inch up in June","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"FX reserves inched up slightly to USD 44.35 bn at the end of June, up from USD 44.27 bn the previous month, the Central Bank of Egypt said in a statement.","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":575951,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/04\/egypt-adds-usd-800-mn-to-foreign-reserves-in-october\/","url_meta":{"origin":646161,"position":4},"title":"Egypt adds USD 800 mn to foreign reserves in October","author":"enterpriseam admin","date":"4 November 2020","format":false,"excerpt":"Egypt adds USD 800 mn to foreign reserves in October: Egypt\u2019s foreign reserves grew for the fifth consecutive month in October, climbing to USD 39.22 bn from USD 38.43 bn in September, according to central bank figures released yesterday. 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