Egypt’s net foreign reserves surge to $34.224 billion in January – c.bank

Egypt’s net foreign reserves rose to $34.224 billion at the end of January from $34.002 billion at the end of December, a central bank data showed on Sunday.

Foreign currencies in the country’s foreign reserves include U.S. dollar, euro, Australian dollar, Japanese yen, as well as Chinese yuan. The provision of foreign exchange, as well as gold and various international currencies, would go for paying for imports, repaying foreign debts, and coping with any economic crises in exceptional circumstances.