Foreign Reserves

Net foreign reserves in Egypt increase to $46.1B by end of May 2024

Tue, 04 Jun 2024 - 01:56 GMT

Previously, Fitch Ratings had predicted that Egypt's foreign currency reserves would reach $49.7 billion in FY2023/2024 and $53.3 billion in FY2024/2025.

Egypt’s net foreign assets hit LE 174.3B in April: CBE

Sun, 02 Jun 2024 - 02:21 GMT

The Central Bank of Egypt (CBE) reported holding LE 1.883 trillion in foreign assets at the end of April, while commercial banks held LE 1.195 trillion

Egypt's foreign reserves surge to $41.1B, reaching a four-year high

Wed, 08 May 2024 - 01:53 GMT

The Central Bank of Egypt released figures confirming an increase of $696 million in net international reserves during April, underscoring the country's growing economic strength

Egypt's foreign exchange reserves exceed $40B for 1st time since February 2022

Wed, 03 Apr 2024 - 02:12 GMT

The CBE helped increase its foreign reserves through the Ras El Hikma deal, valued at $35 billion, which Egypt successfully completed with the UAE at the end of last February.

Net international reserves increase by $60M by end of February 2024: CBE

Tue, 05 Mar 2024 - 04:20 GMT

Egypt's NIR consist of various currencies such as the U.S. dollar, euro, Australian dollar, Japanese yen, and Chinese yuan. These reserves include foreign exchange, gold, and a variety of international currencies

Egypt’s net international reserves increases to $35.2B in January 2024: CBE

Tue, 06 Feb 2024 - 10:25 GMT

This is a $30 million increase from the $35.21 billion recorded in December 2023

In detail: Egypt plans to amass $300B in foreign reserves by 2030

Tue, 09 Jan 2024 - 01:57 GMT

Egypt Today reviews the details of the state’s plan to collect this amount during the coming years.

Egypt’s net international reserves end 2023 with increase of $4.6B, CBE

Thu, 04 Jan 2024 - 05:29 GMT

The state has committed to an ambitious strategy to attract a substantial $191 billion in foreign investments to boost the country’s foreign reserves by 2026 as it struggles with a hard currency shortage

Morgan Stanley considers Egypt's debt restructure in 2024 as unlikely, yet remains possible

Thu, 14 Dec 2023 - 09:26 GMT

Data recently released by the Central Bank of Egypt (CBE) reveals that Egypt is obligated to pay $29.23 billion in external debt in 2024

Egypt's net int'l reserves record $35.173B in November: CBE

Thu, 07 Dec 2023 - 01:28 GMT

This marked a slight increase from the previous month when the reserves stood at $35.102 billion

Egypt’s int’l reserves increased to $35.1B in October, CBE

Sun, 05 Nov 2023 - 05:48 GMT

The central bank’s foreign reserves contain a diverse package of gold, special drawing rights (SDRs), and major international currencies, including US dollars, Euros, Japanese Yen, and Chinese Yuan

UAE, KSA reportedly planning to deposit $5B in CBE

Wed, 25 Oct 2023 - 01:55 GMT

Sources stated that there is a preliminary agreement in place, which will include the renewal of existing deposits provided by the two Gulf countries that are set to expire next year

Moody’s updates economy outlook to stable, highlight’s gov’t efforts, Maait

Sun, 08 Oct 2023 - 12:35 GMT

Moody’s latest report downgrades Egypt’s credit rating in local and foreign currencies from B3 to Caa1 with a stable outlook, which Maait stressed was based on external and internal challenges which have also negatively affected macroeconomic indicators globally

Egypt’s foreign reserves record $34.97 billion in September: CBE

Wed, 04 Oct 2023 - 02:24 GMT

This represents an increase of $1 billion from the previous month, as reported by the Central Bank of Egypt. The increase in reserves marks the highest level achieved since 2019.

Egypt's foreign exchange reserves rise by $72M in July

Sun, 06 Aug 2023 - 04:10 GMT

Data published on the central bank's website showed an elevation in foreign exchange reserves to approximately $34.878 billion at the end of July, compared to $34.806 billion at the end of June.

Egypt’s net foreign reserves reach $34.8B in June 2023, CBE

Sun, 09 Jul 2023 - 01:25 GMT

Egypt’s NIRs reached $33.14 billion in August 2022, falling from $40.9 billion recorded in February 2022 prior to the conflict

Value of gold in Egypt's foreign reserves hikes to $7.950B by end of March

Thu, 06 Apr 2023 - 04:08 GMT

The CBE decided to amend the time period for following up the gold proceeds and excluding some cases related to the proceeds of gold export operations.

Egypt's foreign reserves increase $95M by end of March

Wed, 05 Apr 2023 - 01:54 GMT

Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.

Egypt's foreign reserves increase $128M by end of February

Sun, 05 Mar 2023 - 02:38 GMT

Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.

Egypt's foreign reserves increase to $34.224B in January

Sun, 05 Feb 2023 - 03:09 GMT

Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.