Egypt's net foreign reserves rose slightly to $38.36 billion in August of 2020 from $38.32 billion in the previous month, thanks to another IMF loan and the return of foreign investments in treasury bills. From March until May, the country saw a significant decline in its foreign reserves as the Covid-19 pandemic weighed on tourism revenues and remittances, main sources of hard currency,
Foreign Exchange Reserves in Egypt averaged 22518.44 USD Million from 1992 until 2020, reaching an all time high of 45510 USD Million in February of 2020 and a record low of 10088 USD Million in June of 1992. This page provides the latest reported value for - Egypt Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Egypt Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Central Bank of Egypt
Foreign Exchange Reserves in Egypt is expected to be 38500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in Egypt to stand at 43000.00 in 12 months time. In the long-term, the Egypt Foreign Exchange Reserves is projected to trend around 45000.00 USD Million in 2021 and 46200.00 USD Million in 2022, according to our econometric models.