Egypt Foreign Reserves Rise to $18.8 bln

Egypt’s total net of foreign reserves has increased from $14.9 billion in June to reach 18.8 billion by the end of July, the Central Bank of Egypt (CBE) announced on Monday. 

The country’s reserves were boosted after it received grants and aids worth billions from the gulf states in July following the ouster of President Mohamed Morsi.

Source:Aswat Masriya