Egypt’s net foreign reserves rose to USD 44.14 bn at the end of May compared to USD 44.03 bn recorded at the end of April, Invest-Gate Reports.
Egypt has launched international bonds last April with returns of 4.74% and 5.625% on eight and 12 years, respectively.
In 2016, Egypt’s net foreign reserves were USD 19 bn before floating the Egyptian pound and signing the USD 12 bn loan deal with the International Monetary Fund (IMF).