|19 January, 2020

Egypt raises holdings of US Treasuries to $2.17bln end November

Egypt's international reserves grew to $45.419bln at the end of 2019

An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. Image used for illustrative purpose.

An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany

Egypt's international reserves grew to $45.419 billion at the end of 2019

Cairo – Mubasher: Egypt raised its holdings of US Treasuries by 0.8% year-on-year to $2.176 billion in November 2019, compared to $2.159 billion, data by the US Department of the Treasury showed.

Month-on-month, the North African nation’s holdings of US debt instruments increased from $2.171 billion in October 2019.

During the January-November period of 2019, Egypt’s holdings of US Treasuries grew by $69 billion, or 3.5%, from $2.102 billion at the end of 2018.

It is noteworthy that at the end of December 2019, the most populous Arab nation's net international reserves went up by $65 million, or 0.14%, month-on-month to $45.419 billion from $45.354 billion, according to data by the Central Bank of Egypt (CBE).

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Markets