Egypt Independent

Egypt’s net foreign reserves edge up to US$38.31 bn in July – Central Bank



CAIRO, Aug 6 (Reuters) — Egypt’s net foreign reserves rose slightly to US$38.315 billion in July from $38.202 billion in June, the central bank said on Thursday.

Foreign reserves had dropped since March from a high of more than $45 billion amid economic fallout from the coronavirus outbreak.

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Reporting by Mahmoud Mourad; editing by John Stonestreet