Foreign Reserves
Amer stressed that the Egyptian state is able to overcome challenges thanks to economic reform programmes.
The CBE attributed this decline to the role entrusted to the Central Bank of Egypt to pay the payments related to Egypt's foreign debts due last May.
The net foreign currency reserves reached $37.123 billion by the end of April 2022, compared to $37.082 billion recorded in March 2022.
The net foreign currency reserves declined by $3.91 billion to $37.082 billion by the end of March 2022, compared to $40.99 billion recorded in February 2022.
This morning CBE raised its key interest rates by 100 basis points.
The net foreign currency reserves rose to $40.993 billion by the end of February 2022, compared to $40.980 billion recorded in January.
The net foreign currency reserves rose to $40.980 billion by the end of February 2021, compared to $40.934 billion recorded in January.
Egypt’s net foreign reserves increased by approximately $24 million in December.
The net foreign currency reserves rose to $40.909 billion by the end of November 2021, compared to $40.849 billion recorded in October.
Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.
Egypt’s net foreign reserves increased by approximately $153 million in September.
Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.
The data showed that remittances from Egyptian expatriates during May 2021 increased 45.2 percent to reach $2.6 billion, compared to $1.8 billion during May 2020.
Egypt’s net foreign reserves increased by approximately $20 million in July.
The Media Center of the Cabinet released Saturday the figures.
The net foreign currency reserves rose to $40.584 billion by the end of May, 2021, compared with $40.468 billion recorded in May.
The stabilization is backed by the accumulation of foreign exchange reserves and high growth rates in the two years preceding the Corona pandemic, as well as Egypt's positive growth rates despite the global pandemic.
Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.
El-Said clarified in a statement that there is a strategic stockpile of goods available.
Egypt’s foreign reserves hiked by about $100 million during the second months of 2021.
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