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Egyptian foreign exchange reserves rose to $ 44.501 billion



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Egyptian foreign exchange reserves rose to $ 44.501 billion
Egyptian foreign exchange reserves rose to $ 44.501 billion

Central bank announces US $ 44.501 billion increase in foreign exchange reserves to Egypt Central bank announces surge in foreign exchange reserves to Egypt at $ 44.501 billion, central bank announces surge in foreign exchange reserves to Egypt to $ 44.501 billion We give visitors to our Saqr News website and start with major reports, the central bank announces an increase in Egypt's foreign reserves of $ 44.501 billion.

Saqr News November 5 10:19 PM

Central Bank of Egypt (CBE) on Monday announced that foreign exchange reserves grew at $ 44.501 billion at the end of October 2018, compared with $ 44.459 billion at the end of September 2018, an increase of $ 42 million.

Egypt imports an average $ 5 billion a month for goods and products from abroad with a total annual turnover of more than $ 55 billion. Consequently, the current average foreign exchange reserve covers around 8 months of commodity imports from Egypt, which is more than a world average of around 3 months. Imports of commodities to Egypt will ensure Egyptian basic and strategic needs.

Urgently 2018-11-05

Central Bank -6-1-1-1-1-3

Central Bank of Egypt (CBE) on Monday announced that foreign exchange reserves grew at $ 44.501 billion at the end of October 2018, compared with $ 44.459 billion at the end of September 2018, an increase of $ 42 million.

Egypt imports an average $ 5 billion a month for goods and products from abroad with a total annual turnover of more than $ 55 billion. Consequently, the current average foreign exchange reserve covers around 8 months of commodity imports from Egypt, which is more than a world average of around 3 months. Imports of commodities to Egypt will ensure Egyptian basic and strategic needs.

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Saqr News, the central bank announces an increase in foreign exchange reserves to Egypt at $ 44.501 billion. Follow us on the social networking sites of our website to be able to receive new messages on a permanent basis.

Source: News Agency

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