Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

CBE: Net Foreign Reserves Surge to $40.468 Billion


Thu 03 Jun 2021 | 07:26 PM
Taarek Refaat

The Central Bank of Egypt (CBE) said in a statement on Thursday the country's net foreign reserves rose by about $125 million in May for the 11th month.

CBE revealed that Egypt's net foreign reserves rose to $40.468 billion by the end of May, compared with $40.343 billion a month earlier.

The central bank's data indicated that Egypt's foreign reserves have risen by $2.292 billion since June 2020.