Egypt Foreign Exchange Reserves

Foreign Exchange Reserves in Egypt increased to 17414 USD Million in March of 2014 from 17329 USD Million in February of 2014. Foreign Exchange Reserves in Egypt is reported by the Central Bank of Egypt. Foreign Exchange Reserves in Egypt averaged 23948.67 USD Million from 2003 until 2014, reaching an all time high of 36038 USD Million in December of 2010 and a record low of 13448 USD Million in March of 2013. In Egypt, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides - Egypt Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
17414.00 17329.00 36038.00 13448.00 16764.00 | 2014/02 2003 - 2014 USD Million Monthly
Current Prices, NSA

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Egypt Foreign Exchange Reserves
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-06 11:30 AM Egypt
Foreign Exchange Reserves
May 2013 USD 16039M USD 14426M USD 14918M
2013-07-08 12:00 PM Egypt
Foreign Exchange Reserves
Jun 2013 USD 14921.7M USD 16039M
2013-09-05 09:30 AM Egypt
Foreign Exchange Reserves
Aug 2013 USD 18916M USD 18882M USD 19484.9M
2013-10-03 12:00 PM Egypt
Foreign Exchange Reserves
Sep 2013 USD 18709M USD 18916M USD 20744.9M
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Money Last Previous Highest Lowest Forecast Unit
Foreign Exchange Reserves 17414.00 2014-03-31 17329.00 36038.00 13448.00 16764.00 2014-02-28 USD Million [+]
Interest Rate 8.25 2014-03-31 8.25 21.40 8.25 8.00 2014-03-31 Percent [+]
Loans To Private Sector 136638.00 2014-02-28 134571.00 136638.00 37957.00 137799.19 2014-03-31 EGP Million [+]
Money Supply M0 322714.00 2014-03-31 327171.00 339292.00 68043.00 332718.89 2014-03-31 EGP Million [+]
Money Supply M1 378314.00 2014-02-28 377044.00 378314.00 33680.00 387798.32 2014-03-31 EGP Million [+]
Money Supply M2 1417541.00 2014-02-28 1398662.00 1417541.00 161125.00 1435183.21 2014-03-31 EGP Million [+]
[+]


Foreign Exchange Reserves | Notes
Foreign Exchange Reserves also known as Official Reserves and International Reserves are the foreign assets held or controlled by the central banks. The reserves themselves can either be gold or a specific currency like the dollar or the euro. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. The reserves are generally used to finance the balance of payments imbalances or to control exchange rates.


RELATED NEWS

Egyptian Inflation Rate Unchanged in March  
The annual consumer prices increased 9.82 percent in March of 2014, almost unchanged from 9.76 percent in the previous month. A year earlier, the inflation rate was recorded at 7.59 percent.
Egypt Inflation Rate Down to 6-Month Low  
In February of 2014, Egypt’s annual inflation rate decelerated to 9.8 percent from 11.4 percent in January. In November last year, the inflation rate reached its highest in four and a half years and slowed in February for the third straight month.
Central Bank of Egypt Leaves Rates on Hold  
At its February 27th meeting, the Monetary Policy Committee decided to keep the overnight deposit rate at 8.25 percent for the second consecutive month, in an attempt to stimulate the economy while controlling the inflation. The overnight lending rate, and the CBE rate were also maintained at 9.25 percent and 8.75 percent, respectively.
Egypt Inflation Rate Decelerates in January  
In January of 2014, Egyptian annual inflation rate slowed for the second straight month to 11.4 percent from 11.7 percent recorded in December, due to favorable base effect from the previous year. In November of 2013, the inflation rate hit a four-year high of 12.97 percent.
Egypt Monetary Policy Unchanged in January  
At its January 16th meeting, Central Bank of Egypt decided to leave the overnight deposit rate unchanged at 8.25 percent, after last month's cut, aiming to fight persistent downside risks to growth.
Egypt Inflation Rate Slows to 4-Month Low in December  
In December of 2013, Egypt annual inflation rate slowed for the first time in four months to 11.7 percent, driven by lower housing, food and utilities’ prices.
Egypt Inflation Rate Edges Up to 12.97% in November  
In November of 2013, Egypt inflation rate climbed to 12.97 percent, the highest rate in almost five years. On a monthly basis, prices slowed for the second straight month to 0.95 percent.
Central Bank of Egypt Cuts Rates  
At its December 5th meeting, Central Bank of Egypt decided to cut the overnight deposit rate by 50 bps to 8.25 percent. It is the third rate cut his year, citing pronounced downside risks to growth. The discount rate was also cut by 50 basis points to 8.75 percent.
Egypt Inflation Rate Up to 10.4% in October  
In October of 2013, Egyptian annual inflation rate accelerated to 10.44 percent, from 10.15 percent in September, mainly due to higher food prices. Core inflation rate remained steady.
Central Bank of Egypt Leaves Rates On Hold  
The Monetary Policy Committee of the Central Bank of Egypt decided on October 31st to leave the overnight deposit rate unchanged at 8.75 percent, after cutting it by 50 bps in the previous two meetings.
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