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FinancialNews


  • 08-07-19

    USD69m jump in Egyptian forex reserves

    (MENAFN) Egypt registered a USD69 million boost in its foreign exchange reserves during the fifth month of this year, standing at USD2.821 billion.

    According to the Central Bank of Egypt (CBE), this comes in comparison to the USD2.752 billion of foreign exchange reserves recorded in Egypt in May 2019.

    Balance of foreign currencies in Egypt posted a surge to reach around USD41.074 billion last month from USD41.071 billion in May.

    Meanwhile, the Special Drawing Rights (SDR) balance climbed to USD453 million compared to USD448 million on monthly basis.

    MENAFN0807201900450000ID1098735099

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