Egypt posted a rise in its foreign reserves by USD 20 mn at the end of November 2017 compared to figures recorded at the end of October, Invest-Gate reports.

Net foreign reserves stood at USD 36.723 bn at the end of November 2017, up from USD 36.703 bn at the end of last month, according to a statement by the Central Bank of Egypt (CBE).

The increase comes despite the CBE having paid USD 2 bn to the African Export Import Bank in November, Sub-Governor Rami Abulnaga tells state news agency MENA.

The USD 2 bn payment is the first installment of a USD 3.2 bn loan due to mature in December.