Business & Finance

Egypt's net foreign reserves rise to $40.063bn in December

  • Foreign reserves had dropped since March from a high of more than $45 billion.
Published January 5, 2021 Updated January 5, 2021 06:24pm
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CAIRO: Egypt's net foreign reserves rose to $40.063 billion in December from $39.222 billion in November, the central bank said on Tuesday.

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