Concern as Egypt forex reserves fall below $15bnEgypt's foreign reserves fell below $15 billion in January, a level the government says will cover just three months of imports, after being run down to try and defend the Egyptian pound. More… |
Egypt foreign reserves barely changed in DecEgypt foreign reserves edged down to $15.015 billion at end of December from $15.036 billion at the end of November despite a currency crisis, the central bank said on Sunday. The central bank implemented a new regime for buying a More… |
Egypt launches currency auction systemEgypt's central bank introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which it said had reached a critical level. Political turmoil over the last month has prompted a rush by More… |
Egypt foreign reserves fall by $84m in SeptEgypt's foreign reserves fell by $84 million in September but held above $15 billion for a third straight month after foreign donors began fulfilling promises of aid to the country's troubled economy. Net international res More… |
Egypt foreign reserves see 1st gain since 2010Egypt's foreign reserves rose slightly last month, central bank data showed on Sunday, their first gain since a popular uprising unseated the country's autocratic leader and sent the economy into a tailspin. The central bank has spent heav More… |
Egypt's foreign reserves seen plungingEgypt's foreign reserves will plunge by a third to $15 billion by the end of January and the budget deficit will grow, possibly leading to a review of sensitive subsidies, an army official said. Reserves have tumbled since the uprising tha More… |
Egypt reserves slip; analysts say worst overEgypt's net foreign reserves slipped to $25.71 billion in July but economists said there was a slowdown in the rate of the decline which may now suggest the worst of the capital flight since the uprising to topple Hosni Mubarak was over. F More… |
Iran cbank head denies report on selling reservesIran's central bank chief denied reports that the country planned to sell 45 billion euros from its reserves to buy dollars and gold, the Arman newspaper reported on Sunday. 'Such reports are sheer lies and I strongly deny reports More… |
Egypt foreign reserves balloon to $35bnEgypt's net foreign reserves were $35.1 billion in May, up from $34.65 billion a month earlier, al-Ahram news paper said on Saturday citing a central bank report. The country's net foreign reserves were $31.31 billion in May last y More… |
Egypt's net foreign reserves rise to $34.65bnEgypt's net foreign reserves were $34.65 billion in April, up from $34.51 billion a month earlier, the Central Bank of Egypt said on its website on Thursday.-Reuters More… |








