Egypt's net foreign reserves rise slightly to $40.6bln in July - central bank

Foreign reserves have been rising since June 2020

  
Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt March 8, 2016. Image used for illustrative purpose.

Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt March 8, 2016. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany

CAIRO- Egypt's net foreign reserves increased to $40.609 billion July from $40.584 billion in June, the central bank said on Wednesday.

Foreign reserves have been rising since June 2020, after dropping to around $36 billion from more than $45.5 billion due to the impact of the coronavirus pandemic.

(Reporting by Yousef Saba; Editing by Jon Boyle) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))


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