Egypt's net international reserves rise to $40.67bln at August-end

The country's net foreign reserves jumped to the highest level ever after reaching $44.5bln in fiscal year (FY) 2018/2019

  
An customer exchanges U.S. dollars to Egyption Pounds in a foreign exchange office in central Cairo, Egypt, November 3, 2016.

An customer exchanges U.S. dollars to Egyption Pounds in a foreign exchange office in central Cairo, Egypt, November 3, 2016.

REUTERS/Mohamed Abd El Ghany

Cairo –  Egypt's net international reserves increased by $63.1 million to $40.672 billion at the end of August from $40.609 billion at the end of July, according to data by the Central Bank of Egypt (CBE) on Monday.

The country's net foreign reserves jumped to the highest level ever after reaching $44.5 billion in fiscal year (FY) 2018/2019, compared to $44.3 billion in FY17/18 and $31.3 billion in FY16/17.

Source: Mubasher

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