Crocodile
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Egypt net foreign reserves rise to $42.524b after Eurobond sale
Reuters
16:00 March 4, 2018
Cairo: Egypt’s foreign reserves rose to $42.524 billion (Dh156 billion) at the end of February from $38.209 billion at the end of January, the central bank said on Sunday, helped by a recent Eurobond sale. Cairo’s foreign reserves have been climbing since the country secured a $12 billion three-year International Monetary Fund loan programme in 2016 as part of efforts to woo foreign investors and revive its ailing economy. Reserves had dropped to about $19 billion before Egypt signed the three-year IMF deal, with Egypt floating the currency and lifting capital controls to lure back investors.
http://m.gulfnews.com/business/econ...rise-to-42-524b-after-eurobond-sale-1.2182407
Egypt Foreign Reserves Surge to Record After Eurobond Sale
March 4, 2018, 8:22 AM EST
Reuters
16:00 March 4, 2018
Cairo: Egypt’s foreign reserves rose to $42.524 billion (Dh156 billion) at the end of February from $38.209 billion at the end of January, the central bank said on Sunday, helped by a recent Eurobond sale. Cairo’s foreign reserves have been climbing since the country secured a $12 billion three-year International Monetary Fund loan programme in 2016 as part of efforts to woo foreign investors and revive its ailing economy. Reserves had dropped to about $19 billion before Egypt signed the three-year IMF deal, with Egypt floating the currency and lifting capital controls to lure back investors.
http://m.gulfnews.com/business/econ...rise-to-42-524b-after-eurobond-sale-1.2182407
Egypt Foreign Reserves Surge to Record After Eurobond Sale
March 4, 2018, 8:22 AM EST
- International reserves reach $42.5 billion in February
- Recovery offers cash cushion as Egypt embarks on easing cycle