Egypt’s foreign reserves surged to $37.109 billion at the end of December from $36.723 billion a month earlier, the central bank announced on Wednesday.
Egypt’s foreign reserves have been climbing since the country reached a $12 billion, three-year loan programme with the International Monetary Fund loan in 2016 in a bid to lure back foreign investors and revive its ailing economy.
The country’s foreign reserves at the end of December 2016 were $24.265 billion.
The values of Egypt’s foreign reserves held by the Central Bank of Egypt during 2017:
|
Month |
Value (US$ Bln) |
|
December 2017 |
37.019 |
|
November 2017 |
36.723 |
|
October 2017 |
36.703 |
|
September 2017 |
36.535 |
|
August 2017 |
36.143 |
|
July 2017 |
36.036 |
|
June 2017 |
31.305 |
|
May 2017 |
31.126 |
|
April 2017 |
28.641 |
|
March 2017 |
28.526 |
|
February 2017 |
26.542 |
|
January 2017 |
26.363 |
|
December 2016 |
24.265 |
|
November 2016 |
23.058 |
