Egypt's net int'l reserves rises in August

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Egypt's net int'l reserves rises in August

STORY: Egypt's net int'l reserves rises in August DATELINE: Sept. 8, 2023 LENGTH: 0:01:07 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the River Nile in Cairo 2. various of the Central Bank of Egypt 3. various of an accountant counting banknotes 4. various of the Central Bank of Egypt 5. various of banks in Egypt STORYLINE: The Central Bank of Egypt (CBE) said on Thursday the country's net foreign reserves rose to 34.928 billion U.S. dollars in August 2023 from 34.88 billion dollars in the previous month. Egypt's foreign reserves consist of a basket of major international currencies, including the U.S. dollar, the euro, the pound sterling, the Japanese yen, and the Chinese yuan. The Egyptian government seeks to collect 1.5 billion dollars in external financing before the end of 2023, Minister of Finance Mohamed Maait stated on Thursday. The financing plan includes issuing 1 billion worth of yen and yuan bonds, Maait added. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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