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Wednesday, 8 January 2020

Egypt’s foreign reserves up in December, foreign holdings of Egyptian treasuries up in November

Egypt’s foreign reserves increased marginally to USD 45.42 bn at the end of December, compared to around USD 45.354 bn in November, according to the Central Bank of Egypt.

Meanwhile, foreign holdings of Egyptian treasuries rise to USD 15.5 bn as of the end of November, up from EGP 15.07 bn in October, according to the CBE’s monthly statistical bulletin (pdf). Credit Suisse said last month that Egyptian government bonds will pay lower returns through 2020 but will remain “robust.”

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