Thursday 19 April 2018
forex reserve

Saudi's forex reserves to hit $523bn by year-end

Saudi Arabian Monetary Authority’s (Sama) foreign exchange reserves are estimated to reach nearly SR1.961 trillion ($523 billion), by the end of this year, implying lower net withdrawals over the remainder of 2016 as a result of the intern


Egypt forex reserve fall 'could slow'

  The rate of decline in Egypt's foreign reserves could fall next month, Central Bank Governor Hisham Ramez was quoted as saying on Sunday.   In comments to Al-Shorouk newspaper, Ramez added he


Algeria's foreign exchange reserves hit $146bn

Opec member Algeria's foreign exchange reserves reached $146 billion at the end of September, slightly higher than at the half-year stage, official news agency APS said. Reserves stood at $144.3 billion at the end of June, up from $143

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