Net foreign reserves decrease in the Central Bank of Egypt
20:26 - 07/01/2019
Information / follow up
The Central Bank of Egypt (CBE) announced Monday that net foreign reserves fell to $ 42.551 billion at the end of December 2018, down about $ 2 billion from the previous month.
The Central Bank of Egypt (CBE) disclosed that the foreign exchange reserves in the Central Bank coffers declined by about $ 2 billion in December 2018 to reach about $ 42.550 billion at the end of December 2018 compared to $ 44.5 billion at the end of November.
The latest Central Bank report confirmed that foreign currency cash reserves were sufficient for Egypt's imports of goods for about 8.5 months, as the official reserve assets amounted to about 43.7 billion dollars at the end of October 2018, an increase of 0.2 billion dollars during the period from July to October, Other foreign exchange assets increased by $ 1.2 billion to $ 11.8 billion at the end of October 2018. 25 b