Egypt’s net foreign assets (NFAs) climbed by EGP 42.28 billion in December, marking a growth for the second consecutive month, Reuters reported on January 31st, citing data by the Central Bank of Egypt (CBE).
NFAs saw an improvement last month to a negative EGP 494.3 billion, versus a negative EGP 541.5 billion in November, data showed.
As per Reuters calculation, this indicates an improvement of about $2.06 billion using the CBE’s end-of-month exchange rates.
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