CBE: Foreign Reserves Up $37 Mln in Jan.

The Central Bank of Egypt announced on Thursday that the country's foreign reserves increased by about $37 million at the end of last month.

The CBE stated on its official website that the monetary reserves of foreign currencies amounted to $ 45.456 billion in January, compared to about $ 45.419 billion in December.

On the sidelines of the IMF's meetings in Washington, the CBE signed Saudi deposit renewal agreements last October.

Egypt obtained 5 deposits from the Kingdom with a total value of $ 8 billion, during the period from May 2012 to June 2017.

Part of the deposit at the value of $ 5.2 billion was planned to repay in October 2019.

Around $ 5.2 billion of the deposit was planned to be paid last ear, yet, Egypt managed to postpone the payment in agreement with Saudi Arabia.