Egypt Foreign Reserves Near $35b

Egypt’s foreign reserves are now close to $35 billion, President Abdel Fattah El-Sisi announced during a question-and-answer forum at the Fourth National Youth conference in Alexandria on Monday, Ahram.org reported. Earlier this month, the Central Bank of Egypt said, reserves continued to climb, registering $31.305 billion at the end of June. The reserves have been climbing since Egypt signed an agreement for a three-year $12 billion loan from the International Monetary Fund in November 2017.