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Egypt’s reserve of gold grows to $ 2.64 billion: CBE

Monday 16/October/2017 - 10:01 PM
Sada El Balad
Ahmed Moamar
A report authored by officials of the Central Bank of Egypt (CBE) reveals that reserves of the foreign currencies in the coffers of the bank grew to $ 32.6 billion at the end of July this year.
This amount compared to $ 27.904 billion in the previous month.
Install of the International Monterey Fund (IMF) in June and July reached $ 31 million.
This sum compared with $ 35 million in May.
In the same line، reserve of gold grew to $ 2.64 billion
It is worth to mention that Egypt implements a package of economic reforms to correct the path of the national economy.
Egypt exposed to sever shortage at foreign currency as tourism revenues depleted after years of turmoil following the revolution of 25th January. 

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