November 5, 2018 / 6:38 AM / 12 days ago

Egypt's foreign reserves rise to $44.501 bln in Oct. - central bank

CAIRO, Nov 5 (Reuters) - Egypt’s foreign currency reserves rose to $44.501 billion at the end of October, up slightly from $44.459 in September, the central bank said on Monday.

The reserves have been climbing since Egypt secured a $12-billion, three-year International Monetary Fund loan programme in 2016 as part of efforts to attract foreign investors and revive its ailing economy. (Reporting by Ehab Farouk; Writing by Sami Aboudi; Editing by Clarence Fernandez)

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