Egypt’s foreign reserves recorded a $99 rise to hit $16.835 billion at the end of August from $16.736 billion in July, the central bank announced on Sunday.
Egypt is planning to return a Qatari deposit worth $500 million early in October, which was deposited in the central bank as part of Qatari aid during the rule of Islamist president Mohamed Morsi.
Meanwhile, another deposit worth $2.5 billion will be returned in November.
CBE Governor Hisham Ramez has said earlier Egypt’s foreign reserves in August stayed close to their July level of $16.736 billion.
“The foreign reserves are stable at the same level as the month of July almost,” Ramez said over the phone, without giving a new figure.
The values of Egypt’s foreign reserves held by the Central Bank of Egypt during 2014:
|
Month |
Value (US$ Bln) |
|
January |
17.104 |
|
February |
17,307 |
|
March |
17.414 |
|
April |
17.489 |
|
May |
17.283 |
|
June |
16.687 |
|
July |
16.736 |
|
August |
$16.835 |
