Thursday, May 8, 2025

Egypt net foreign reserves rise to $42.611 bn in March

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Jaafar Jaafar
Jaafar Jaafarhttps://dailynigerian.com/
Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
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Egypt’s net foreign reserves rose slightly to 42.611 billion dollars at the end of March from 42.524 billion dollars at the end of February, the Central Bank said on Monday.

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Cairo’s foreign reserves have been climbing since the country secured a 12 billion dollars three-year International Monetary Fund loan programme in 2016 as part of efforts to woo foreign investors and revive its ailing economy.

(Reuters/NAN)

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