foreign reserves

Egypt Reserves Reach Record High of Over $36 Billion
Economy

Egypt Reserves Reach Record High of Over $36 Billion

Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
Egypt’s foreign reserves rose by $180 million in June: CBE
Business

Egypt’s foreign reserves rose by $180 million in June: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase…
Egypt’s foreign reserves rise to $31.125 bn
Economy

Egypt’s foreign reserves rise to $31.125 bn

The Central Bank of Egypt (CBE) announced Sunday that the country’s foreign reserves rose to $31.125 billion at the end…
Financial crisis over, 2018 to witness boom: CBE governor
Business

Financial crisis over, 2018 to witness boom: CBE governor

The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt Tarek…
Foreign currency reserves can cover 6 months of imports: CBE
Business

Foreign currency reserves can cover 6 months of imports: CBE

The foreign currency reserves at the Central Bank of Egypt (CBE) are able to cover Egypt's imports for a period…
Egypt’s foreign reserves rise to US$26.363 bn at end of January
Business

Egypt’s foreign reserves rise to US$26.363 bn at end of January

Egypt's net foreign reserves rose to US$26.363 billion at the end of January from US$24.265 billion as of the end…
Egypt’s foreign reserves rise to US$24.265 bln at end-December
Egypt

Egypt’s foreign reserves rise to US$24.265 bln at end-December

Egypt's net foreign reserves rose to US$24.265 billion at the end of December from US$23.058 billion at the end of…
Central Bank seeks to buy gold from treasury to bolster foreign reserves
Business

Central Bank seeks to buy gold from treasury to bolster foreign reserves

An official source has confirmed that the Central Bank of Egypt (CBE) has called upon the Ministry of Finance to…
After six months, Egypt finally settles wheat fungus row
Egypt

After six months, Egypt finally settles wheat fungus row

Egypt's agricultural quarantine authority settled a months-long dispute on Monday over wheat import specifications that have hampered the country's massive…
Central bank removes dollar deposits cap for companies
Business

Central bank removes dollar deposits cap for companies

The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
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