Egypt’s net forex reserves rise by $5 billion by end of March


Cairo, The Central Bank of Egypt (CBE) said net international reserves increased by $5 billion by the end of March registering $40.361 billion, compared to $35.3 billion at the end of February.

In statements to the Middle East News Agency (MENA), economic analysts attributed the increase to the tranches Egypt had received from the deal to develop the Ras al-Hikma area.

Source: Bahrain News Agency