Egypt: a new rise in foreign exchange reservesVisits : 51

Egypt: a new rise in foreign exchange reserves

Egypts central bank said on Tuesday net foreign reserves rose to $ 45.354 billion in November from $ 45.274 billion in October.

Reserves jumped dramatically after Egypt embarked on a three-year economic reform program with the support of the International Monetary Fund, where the first step was to liberalize the pound in November 2016.