Egypt’s net FX reserves climb to $51.452 bln in December – CBE

Egypt’s net foreign reserves rose to $51.452 billion at the end of December, up from $50.216 billion a month earlier, the central bank said on Tuesday.

The $1.236 billion increase, equivalent to a 2.5 per cent month-on-month gain, was supported by steady inflows from exports, tourism and remittances, despite a challenging global economic environment.

Attribution: Amwal Al Ghad English

 

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