(MENAFN - Daily News Egypt) Egypt's foreign reserves climbed to 31.305 billion at the end of June from 31.126 billion at the end of May, the central bank said on Wednesday. Reserves have been climbing since #Egypt clinched a 12 billion three-year deal with the International Monetary Fund in November in a bid to lure back foreign investors. According to data compiled by the Central Bank of #Egypt and calculations of Dailynews Egypt, reserves has recorded 29% increase since the beginning of 2017. The central bank floated the Egyptian pound in November as part of an economic reform programme. The green benchmark lost 20 piasters against the Egyptian pound on Tuesday.

Source: Daily News Egypt July 06, 2017 04:07 UTC