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Egypt's forex reserves rise to 44.46 bln USD
2018/10/9 15:39:08 Source:Xinhua

CAIRO, Oct. 8 (Xinhua) -- Egypt's foreign exchange reserves rose to 44.46 billion U.S. dollars in September, the Central Bank of Egypt (CBE) said in a statement on Monday.
"Egypt's forex increased by 44 million U.S. dollars to reach 44.46 billion dollars at the end of September," said the CBE.
Egypt has been going through a strict three-year economic reform program since late 2016, including austerity measures, energy subsidy cuts and tax increases.
The International Monetary Fund supported Egypt's economic reform plan by a 12-billion-dollar loan, two thirds of which has already been delivered to the North African country.

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