International Reserves in Egypt
Egypt - International Reserves
Economic activity appears to have improved somewhat in recent months, following a 1.7% year-on-year contraction in Q2 (Q1: +5.0% yoy). PMI data for September indicated the first overall increase in non-oil private sector activity in 14 months, driven by an uptick in consumer demand. Meanwhile, relatively low new Covid-19 cases through October and continued public spending initiatives bode well for activity in Q4. In other news, regional tensions have heightened regarding Ethiopia’s under-construction dam on the Nile river, with talks resuming in late October in an attempt to break the impasse over the operation and control of all-important water flows. In politics, polls opened on 24 October for the first of multiple rounds of voting in parliamentary elections. No significant shift in composition is expected, with the legislative body broadly lacking the powers to balance the authority of the president.Egypt - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 20.1 | 17.6 | 31.3 | 44.3 | 44.5 |
Egypt International Reserves Chart
Source: Central Bank of Egypt and FocusEconomics calculations.
Egypt Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 13.70 | 0.0 % | Dec 31 |
| Exchange Rate | 16.04 | 0.0 % | Jan 01 |
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Economic News
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Egypt: Inflation drops slightly in December
January 11, 2021
Consumer prices decreased 0.42% in December over the previous month, which contrasted November's 0.82% increase.
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Egypt: PMI drops slightly into contractionary territory in December
January 5, 2021
Egypt’s Purchasing Managers’ Index (PMI)—which measures business activity in the non-oil private sector—sank to 48.2 in December from 50.9 in November.
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Egypt: Central Bank holds rates steady in December
December 24, 2020
At its monetary policy meeting on 24 December, the Central Bank of Egypt (CBE) kept the overnight deposit, overnight lending and main operation rates unchanged at 8.25%, 9.25% and 8.75% respectively.
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Egypt: Inflation hits highest level since April in November
December 10, 2020
Consumer prices increased 0.82% in November over the previous month, which was below October's 1.80% increase.
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Egypt: PMI drops slightly in November
December 3, 2020
Egypt’s Purchasing Managers’ Index (PMI)—which measures business activity in the non-oil private sector—decreased to 50.9 in November from the over five-year high of 51.4 in October.
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