Volume of issued banknote up LE 8B by end of April: CBE

CAIRO – 14 August 2017: The volume of the issued banknote rose LE 8 billion ($450 million) to LE 419 billion by the end of April, up from LE 411 billion by the end of March 2017, the Central Bank of Egypt (CBE) said Monday.

CBE has printed 100 million LE 1 notes in January and 100 million of LE 0.5 notes.
Foreign reserves of Egypt registered $36.03 billion "initially" by the end of July, after registering $31.130 billion by the end of June, to jump $180 million month-on-month, CBE announced on August 1.

On November 3, 2016, the Central Bank of Egypt (CBE) floated the Egyptian pound, as part of the government’s broader efforts to reform the business and investment climate in Egypt to attract much-needed investments to the country.

The floatation was also essential for Egypt to obtain a $12 billion loan from the International Monetary Fund.