Central Bank of Egypt: Foreign reserves rise to USD 44.501 bln in Oct.
Central Bank of Egypt.
Cairo - MENA
Egypt’s foreign currency reserves spiked by USD 42 million to reach USD 44.501 billion in October against USD 44.459 billion in September, the Central Bank of Egypt (CBE) announced on Monday.
Reserves have been climbing since Egypt agreed a $12 billion three-year loan programme with the International Monetary Fund in late 2016, part of efforts to attract foreign investors and revive the economy.
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