Egypt’s foreign reserves fall 4.4% in December: CBE

By Amwal Al Ghad English On Jan 8, 2019

Egypt's central bank Egyptians central bank — Egypt's central bank (CBE)

Egypt’s foreign currency reserves dropped 4.4 percent to $42.5 billion in December from $44.5 billion in November, an official source at the Central Bank of Egypt (CBE) said on Monday.

The source added that the recent decline in the foreign currency reserves to the government’s payment of loan interest and treasury bills ‎to foreign investors.

Source: MENA

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