Daily News Egypt

International reserves reach $26.363bn in January, increase by $2.1bn  - Daily News Egypt

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International reserves reach $26.363bn in January, increase by $2.1bn 

The Central Bank of Egypt has announced on Sunday that Egypt’s international reserves reached $26.363bn in January, marking an increase of almost $2.1bn from December 2016’s value of $24.265bn. Since 2011, Egypt’s foreign currency reserves have been constantly drained at unsustainable rates to prevent currency devaluation. By October 2016, foreign reserves had dropped to $19bn …


The Central Bank of Egypt has announced on Sunday that Egypt’s international reserves reached $26.363bn in January, marking an increase of almost $2.1bn from December 2016’s value of $24.265bn.

Since 2011, Egypt’s foreign currency reserves have been constantly drained at unsustainable rates to prevent currency devaluation. By October 2016, foreign reserves had dropped to $19bn from the highest level of foreign reserves registered at $35bn in 2010.

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https://www.dailynewsegypt.com/2017/02/05/international-reserves-reach-26-363bn-january-increase-2-1bn/
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