CBE: Egypt’s foreign reserves rise $20 million in November

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Mon, 04 Dec 2017 - 04:30 GMT

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Mon, 04 Dec 2017 - 04:30 GMT

FILE – Central Bank of Egypt

FILE – Central Bank of Egypt

CAIRO – 4 December 2017: Egypt’s foreign reserves have hiked by $20 million in late November, Central Bank of Egypt (CBE) Said on Monday in a statement.

“The foreign reserves at [the] end of November amounted to $36.723 billion compared with $36.703 at end of October,” read the statement.

The reserves were announced in late October at a value of $168 million.
CBE announced also on Monday that it paid back $2 billion to the African Export-Import Bank (Afreximbank).

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