The rise of foreign reserves in Egypt
The rise of foreign reserves in Egypt
by RamblerNash on Sun May 05, 2019 10:36 pm
The rise of foreign reserves in Egypt
05-05-2019 09:31 PM
BAGHDAD (Reuters) -
Egypt's net foreign reserves rose by more than $ 44 billion by the end of April, the central bank said in a statement on Sunday.
The bank said in its statement that reserves amounted to $ 44.218 billion at the end of that month, up from $ 44.11 billion at the end of March, according to "Reuters."
Egypt's foreign reserves stood at $ 44.030 billion at the end of April 2018.
These increases came after Cairo liberalized the exchange rate of the Egyptian pound in November 2016 as part of economic reforms linked to a $ 12 billion loan from the International Monetary Fund.
The International Monetary Fund (IMF) has praised the progress made in reforms related to the Egypt loan program, noting that the strong implementation of the program and overall positive performance have played an active role in achieving macroeconomic stability.
http://www.ikhnews.com/index.php?page=article&id=190911
05-05-2019 09:31 PM
BAGHDAD (Reuters) -
Egypt's net foreign reserves rose by more than $ 44 billion by the end of April, the central bank said in a statement on Sunday.
The bank said in its statement that reserves amounted to $ 44.218 billion at the end of that month, up from $ 44.11 billion at the end of March, according to "Reuters."
Egypt's foreign reserves stood at $ 44.030 billion at the end of April 2018.
These increases came after Cairo liberalized the exchange rate of the Egyptian pound in November 2016 as part of economic reforms linked to a $ 12 billion loan from the International Monetary Fund.
The International Monetary Fund (IMF) has praised the progress made in reforms related to the Egypt loan program, noting that the strong implementation of the program and overall positive performance have played an active role in achieving macroeconomic stability.
http://www.ikhnews.com/index.php?page=article&id=190911
RamblerNash- GURU HUNTER
- Posts : 19642
Join date : 2015-02-19 
Permissions in this forum:
You can reply to topics in this forum
» Parliamentary Finance confirms the resolution of the budget debate by the end of this week
» Saleh: Iraq faces an arduous task to address the recession of the economy
» Planning: We have 44 committees regarding the specifications of the construction materials industry
» Footforward - The best is yet to come
» The exchange rate of the dollar against the Iraqi dinar in the local markets today
» Judy Update claiming -- Wed. 27 Jan. was the date of the Global Currency Reset, at which time the general public Tier 5 would be able to exchanging foreign currencies at their new international rates.
» NICK FLEMING UPDATE, filled with dragons and lies
» COFFEE WITH MARKZ - Video and Transcript -- Jan-25 2021
» MarkZ claims -- I am not hearing any change on rates…could those high rates be reflective of the weakening of the US dollar? Yes- that is a possibility.
» Pimpy says it could be 3 more years before the IQD RV
» MilitiaMan says -- they are ceasing the Multi Currency Practices... 0 cash sales. A key indicator change is coming.
» Al-Halbousi and the Emir of Kuwait discuss activating the joint governmental and parliamentary committees between the two countries
» The International Development Bank announces its joining the "Bani" platform
» Source: The IMF knows very well that the Minister of Finance has lost the confidence of the people and will not loan it again
» Kuwait and Iraq hold talks on regional and international developments
» New statement by the Minister of Planning on the exchange rate and the agreement with China and the Port of Fao
» Footforward says -- Trump and Kushner have fixed things so that the RV can happen...
» Jeff says -- they are going to increase the value of their currency at the beginning of a new budget period.
» RayRen98 says == US banks and call centers are "on location" this morning being told to look for "activity" between this afternoon and Sunday evening..
» Bruce says -- Iraq is going to be the strongest currency and the strongest financial nation in the middle east and not too long from now...
» FLEMING UPDATE, 23 JAN
» THE BIG CALL HIGHLIGHTS, 23 JAN
» TNT WEEKEND UPDATE 1-23-21 SATURDAY
» Bruce and Jeff -- January through March was the season for the rate change.
» Currency 365 -- "Breitling and Bob" Dinar - Tax Update
» KTFA CHAT, 24 JAN
» Judy Note: There has been no new Intel on the GCR release since last Fri.
» KTFA: MILITIAMAN UPDATE , 24 JAN
» Explanation of the Zim VIDEO
» TNT stating that - It was reported that some banks had several cars in the parking lot this morning as early as 7:00 AM.
» Iraq needs to restructure its economy according to the global context
» A clear pledge by the parliament regarding deductions and salaries of employees in the budget before it is approved soon
» A leader with victory comments on Al-Abadi's concerns about the Biden period: 5 solutions for Iraq - urgent
» For the first time, Syria is offering a banknote of the 5000 denomination for circulation
» Al-Araji discusses with the US ambassador continuing cooperation in combating terrorism
» After Biden’s inauguration, the Iraqi Front marks a "major challenge" facing the Al-Kazemi government
» A high-ranking delegation from the Kurdistan Regional Government arrives in Baghdad
» Al-Halbousi arrives in Kuwait on an official visit
» The Finance Committee hosts the Secretary General of the Council of Ministers to discuss the draft budget bill