Egypt’s net foreign reserves surge to $46.125b in May – CBE data

MoneyBanksEgypt News
By Yomna Yasser
Central Bank of Egypt's
The Central Bank of Egypt's (CBE) headquarters in the new administrative capital

Egypt’s net foreign exchange reserves jumped to $46.125 billion at the end of May, compared to $41.057 billion by the end of April, a Central Bank of Egypt (CBE) recent data showed.

This marks a $5 billion surge, or a monthly growth rate of approximately 12 per cent.

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