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Hisham Ramez, governor of the Central Bank of Egypt (CBE) said the $2 billion aid, promised to Egypt by Kuwait as part of the Gulf country’s financial assistance plan, is scheduled to be deposited to CBE today, Tuesday, September 24.
Around $4 billion have been added to Egypt’s net foreign reserve since Mohamed Morsi was ousted as the country’s president, bringing the total funds to $18.9 billion as of the end of August.
Ramez indicated that Egypt’s economy is improving, especially with the recent export of $1.3 billion worth of local resources, according to Zawya.
The top official also emphasized the importance of the recent steps taken by the bank to limit black market activity.
