Tuesday, March 19, 2024
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

Egypt increases foreign exchange reserves

Central-Bank--Egypt
Cairo, Dec 8 (Prensa Latina) Egypt's foreign exchange reserves increased to 40.9 billion dollars in November, 100 million more than the previous month, the Central Bank of this country reported on Wednesday.

A communique from the banking entity stated that the total amount is divided into foreign currencies, gold, special drawing rights and loans from the International Monetary Fund.

Egypt’s international foreign exchange reserves fell to their lowest level in June 2020 due to the Covid-19 pandemic, when they dropped to 36 billion dollars, although since then, the figure has been growing every month.

The main sources of foreign exchange earnings for Egypt are the Suez Canal, tourism and remittances from workers abroad, among others.

pgh/iff/rgh/rob

LATEST NEWS
RELATED