Egypt’s net international reserves increased by $148 million month-on-month in September, according to data released by the Central Bank of Egypt (CBE).

The most populous Arab nation’s net foreign reserves grew to $45.117 billion at the end of last month, compared to $44.969 billion in August, the CBE added.
According to MubasherTrade Research, the CBE’s net foreign reserves are enough to cover Egypt’s imports for eight months.

Prior to the popular uprising in 2011, Egypt’s foreign reserves reached about $36 billion, but fell afterwards due to the drop in foreign direct investments (FDI) and tourism income.

-Mubasher