Egypt’s net foreign reserves increased $95 million by the end of March 2023 to $34.447 billion, compared to $34.352 billion by the end of February 2023, the Central Bank of Egypt (CBE) said Wednesday.
Meanwhile, sales of three-year treasury bonds issued on Tuesday plummeted to 1.09 million Egyptian pounds ($35,332) after the government baulked at the high yields demanded by investors concerned the currency is likely to depreciate soon.
