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Egypt’s net international reserves hit $40.609B in July: CBE

Egypt’s net international reserves hit $40.609B in July: CBE

ArabFinance: Egypt’s net international reserves have recorded $40.609 billion at the end of July 2021, according to provisional data by the Central Bank of Egypt (CBE).

This marks a monthly growth of $25 million in July 2021, as the net foreign reserves hit $40.58 billion at the end of June 2021.

The international reserves had been increasing gradually since June 2020 after it fell to $36 billion at the end of May 2020 from $45.5 billion before the emergence of Covid-19.

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