UPDATE: Egypt’s net FX reserves hit $52.831 bln in March – central bank

Egypt’s net foreign exchange reserves edged higher at the end of March, rising to $52.831 billion from $52.746 billion in February, central bank data showed on Sunday.

The $85 million increase represents a 0.16 per cent month-on-month rise, supported by steady inflows from exports, tourism revenues and remittances, despite a challenging global economic environment.

Attribution: Amwal Al Ghad English

Leave a comment