Cairo – Mubasher: The net international reserves (NIR) at the Central Bank of Egypt (CBE) surged by $5 billion to $40.36 billion at the end of March 2024.
Reserves amounted to $35.31 billion in February, according to the CBE’s data.
Egypt’s NIR reached $35.24 billion at the end of January 2024, up from $35.21 billion in December 2023.
The country’s foreign asset deficit dipped around 24.23% month-on-month (MoM) to EGP 678.98 billion ($14.38 billion) in February 2024 from EGP 896.12 billion ($18.98 billion).
