{"id":471781,"date":"2021-06-04T12:13:36","date_gmt":"2021-06-04T12:13:36","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=471781"},"modified":"2021-06-04T12:13:36","modified_gmt":"2021-06-04T12:13:36","slug":"egypt-foreign-exchange-reserves-increase-by-125-million-usd-in-may-2021","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/06\/04\/egypt-foreign-exchange-reserves-increase-by-125-million-usd-in-may-2021\/","title":{"rendered":"Egypt: foreign exchange reserves increase by 125 million USD in May 2021"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Central Bank of Egypt (CBE) said on Thursday (June 3) that net international reserves increased by about $ 125 million to $ 40.468 billion in May, from $ 40.343 billion in April 2021.<\/p>\n<p>&#8220;The level of foreign exchange reserves allows Egypt to cope with possible exogenous shocks,&#8221; said Ramy Aboul Naga, vice-governor of the CBE.<\/p>\n<p>Gold reserves increased by about $ 281 million to $ 4.409 billion in May, from $ 4.128 billion in April. Detailed international reserves figures revealed a $ 29 million decline in the value of foreign exchange reserves in May to $ 36.033 billion in May, from $ 36.062 billion in April 2021.<\/p>\n<p>For its part, the Special Drawing Rights (SDR) balance also declined by about $ 127 million to $ 33 million from $ 160 million during the comparison period.<\/p>\n<p>As a reminder, Egypt&#8217;s international reserves consist of foreign currency (FX), gold, SDRs and net loans from the International Monetary Fund (IMF).<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Egypt (CBE) said on Thursday (June 3) that net international reserves increased by about $ 125 million to $ 40.468 billion in May, from $ 40.343 billion in April 2021. &#8220;The level of foreign exchange reserves allows Egypt to cope with possible exogenous shocks,&#8221; said Ramy Aboul Naga, vice-governor of the<\/p>\n","protected":false},"author":536116,"featured_media":471782,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158,11996],"tags":[18687,13894,18685,18688,18686],"class_list":["post-471781","post","type-post","status-publish","format-aside","has-post-thumbnail","category-bank","category-finance-en","tag-125-million-usd","tag-egypt-en","tag-foreign-exchange","tag-may-2021","tag-reserves-increase","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt: foreign exchange reserves increase by 125 million USD in May 2021 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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