17 March 2018 06:13 AM

CBE: Foreign currency reserves hit $37bn for first time

Wednesday، 03 January 2018 - 01:52 PM

The Central Bank of Egypt on Wednesday 3/1/2018 announced that foreign currency reserves hit 37.019 billion dollars by the end of December 2017 for the first time in Egypt's history.

The figure in November stood at 36.732 billion dollars, said a CBE official in statements to MENA on Wednesday.

The increase was achieved although Egypt paid back up to two billion dollars for several international creditors, added the source.

CBE received last week from the International Monetary Fund two billion dollars as the second batch of a 12-billion-dollar loan from the Fund to Egypt.


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