Monday 14 July 2014
 
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Foreign reserves

Concern as Egypt forex reserves fall below $15bn

  Egypt'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.

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Egypt foreign reserves barely changed in Dec

Egypt 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

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Egypt launches currency auction system

Egypt'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

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Egypt foreign reserves fall by $84m in Sept

Egypt'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

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Egypt foreign reserves see 1st gain since 2010

Egypt'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

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Egypt's foreign reserves seen plunging

Egypt'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

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Egypt reserves slip; analysts say worst over

Egypt'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

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Iran cbank head denies report on selling reserves

Iran'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

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Egypt foreign reserves balloon to $35bn

Egypt'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

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Egypt's net foreign reserves rise to $34.65bn

Egypt'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

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