Egypt's foreign reserves to rise to 44.501 billion dollars

Egypt's foreign reserves to rise to 44.501 billion dollars

Egypt's foreign reserves to rise to 44.501 billion dollars
Egypt's foreign reserves to rise to 44.501 billion dollars

Central Bank announces the rise of foreign reserves to Egypt to 44.501 billion US dollars The Central Bank announces the rise of foreign reserves to Egypt to 44.501 billion dollars, the Central Bank announces the rise of foreign reserves to Egypt to 44.501 billion dollars We publish to you our visitors Our website Saqr News and start with the main news, the Central Bank announces the rise of Egypt's foreign reserves to 44.501 billion dollars.

Saqr News 5 November 10:19 am

The Central Bank of Egypt (CBE) announced Monday that foreign exchange reserves rose to 44.501 billion dollars at the end of October 2018 compared to 44.459 billion dollars at the end of September 2018, an increase of about 42 million dollars.

Egypt imports an average of $ 5 billion a month in goods and products from abroad, with an annual total of more than $ 55 billion. Thus, the current average foreign exchange reserve covers about 8 months of Egypt's commodity imports, which is higher than the global average of about 3 months Of Egypt's commodity imports, thus ensuring Egypt's basic and strategic needs.

Urgent 2018-11-05

Central Bank -6-1-1-1-1-3

The Central Bank of Egypt (CBE) announced Monday that foreign exchange reserves rose to 44.501 billion dollars at the end of October 2018 compared to 44.459 billion dollars at the end of September 2018, an increase of about 42 million dollars.

Egypt imports an average of $ 5 billion a month in goods and products from abroad, with an annual total of more than $ 55 billion. Thus, the current average foreign exchange reserve covers about 8 months of Egypt's commodity imports, which is higher than the global average of about 3 months Of Egypt's commodity imports, thus ensuring Egypt's basic and strategic needs.

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Source : Ona News Agency

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