FX reserves

  • Egypt’s FX Reserves Dropped to $15.5b in July

    Egypt’s FX Reserves Dropped to $15.5b in July

    Wednesday, 10th August 2016
    Egypt’s foreign-currency reserves dropped by 11% in July and net international reserves reached $15.5b, after authorities repaid about $2b in debt. This is the biggest drop in FX reserves that Egypt has faced in 16 years.