Egypt: Foreign reserve spike to $38,000 amidst rising foreign debt
584 views · Published 14 February 2018 · 1:36 · Indexed 21 September 2026
Channel: CGTN Africa · 2018 · News & Politics
The Central Bank of Egypt says foreign reserves have spiked to reach $38.209 billion at the end of January, up from $37.019 billion at the end of December. The country's foreign debt jumped to $80.8 billion in the first quarter of fiscal year 2017/18. CGTN's Yasser Hakim looks at how the north African country is trying to manage it's huge debts bills. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
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