International Reserves in Egypt

Egypt International Reserves | Economic News & Forecasts

Egypt - International Reserves

Economic conditions continued to improve in Q4 FY 2021 (April–June), with GDP expanding at the strongest rate in at least 13 years in annual terms—albeit supported by a favorable base effect. The result was largely due to skyrocketing fixed investment growth and a marked rebound in exports of goods and services. Moving to Q1 of the new fiscal year (July–September), activity likely continued to pick up, as the non-oil sector PMI averaged higher in the period than in the prior quarter. However, quickly rising daily infection rates and a sluggish vaccine rollout could prompt authorities to tighten restrictions and weigh on activity moving into Q2 FY 2022. Meanwhile, on 20 October, Fitch Ratings affirmed the country’s ‘B+’ rating with a stable outlook, citing fiscal and economic reforms and the economy’s resilience to the effects of the pandemic, but also noting still-large fiscal deficits, high debt stocks and political risks.

Egypt - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)20.1  17.6  31.3  44.3  44.5  

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Egypt International Reserves Chart

Egypt International Reserves
Note: International reserves in months of imports.
Source: Central Bank of Egypt and FocusEconomics calculations.

Egypt Facts

Value Change Date
Bond Yield13.700.0 %Dec 31
Exchange Rate16.040.0 %Jan 01

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