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Egypt forex reserves adequate says ministerEgypt's finance minister said on Tuesday reserves of about $26 billion were adequate and hoped that level would be maintained. He said Egypt could tolerate a lower level if needed. Reserves were $26.57 billion at More… |
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UAE cbank says 'nearly all forex reserves in USD'The UAE central bank holds nearly all of its foreign exchange reserves, worth around $33 billion, in US dollars with no euros on its balance sheet, a senior central bank official told Reuters on Wednesday. 'Our foreign exchange reserve More… |
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Iraq yet to tap forex reservesIraq has not tapped its foreign currency reserves to fill a budget gap but the issue is being discussed, the country's central bank governor has said. Sinan Al Shibibi made the comments on the sidelines of a meeting of Arab central ban More… |
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Jordan forex reserve surges to $9.2bnJordan's net foreign reserves rose to a record $9.2 billion at end of June against $6.6 billion in the same period last year with healthy inflows into the local currency, central bank data showed on Friday. Central Bank of Jordan (CBJ) More… |
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Forex reserves haemorrhage as currencies fallVast foreign reserves built up by emerging export countries are vanishing faster than they came as governments fight to defend currencies and economies, disappointing foreign investors who saw them as shock absorbers to the global economy. More… |
