Egypt’s net FX reserves climb to $47.757b in March – CBE
Egypt’s net foreign exchange reserves rose to $47.757 billion at the end of March, up from $47.39 billion in February, according to latest data from the Central Bank of Egypt (CBE) released on Monday.
This marks a monthly increase of $363 million, or approximately 0.77 per cent.
The continued uptick in reserves underscores improved external liquidity amid ongoing economic reform efforts and renewed investor confidence following major inflows and asset sales.
Attribution: Amwal Al Ghad English