For the first time in four months, the Central Bank of Egypt reported an increase in net foreign exchange reserves after experiencing reductions because to the Russian-Ukrainian War.
According to the central bank, preliminary figures show that at the end of September 2022, net international reserves were 33. 197 billion dollars, up from 33. 141 billion dollars.
These are the first advances in Egypt’s cash reserve since it dropped to $35.4 billion in May 2022.
Urgent.. The Central Bank: For the first time in four months, the cash reserve increased.
About Author
