2018-11-05
Egypt's central bank said on Monday net foreign reserves stood at $ 44.501 billion at the end of October, slightly higher than the previous month.
 
The cash reserve was $ 44.459 billion in September 2018.
 
The central bank could not be reached for comment on the reasons for the slight increase in reserves.
 
Egypt's foreign reserves have been steadily increasing since Tariq Amer took office as governor of the central bank in October 2015 and only doubled twice in July 2016 and October 2016.
 
Egypt's foreign debt stood at 92.64 billion dollars at the end of June, up 17.2 percent year-on-year