Egypt’s foreign reserves have registered $18.55bn in July, compared to $20.0797bn in June, the Central Bank of Egypt (CBE) announced on Wednesday.
The CBE has paid $700m to the Paris Club in July. In 2014, Egypt twice repaid $681m to the Paris Club, where the same figure was also paid to them by the beginning of 2015.
The Egyptian government is due to pay $250m in September as dues of bonds issued in international market, according to the Ministry of Finance.
In May, foreign currency in the CBE recorded $19.5597bn.
The international foreign reserves jumped to $20.5bn at the end of April 2015, compared to $15.29bn in March. The increase was attributed to the arrival of $6bn in Gulf deposits from Saudi Arabia, Kuwait and the UAE.
Since December 2011, foreign reserves fluctuated but did not surpass the $20bn figure. Meanwhile in January 2011, before the uprising that ousted former president Hosni Mubarak, Egypt’s reserves totalled $35.01bn.
