The Central Bank of Egypt (CBE) said on Tuesday that the hard currency reserve rose for the 8th straight month registering 34.660 billion dollars at the end of May against 34.551 billion dollars at the end of April.
This marks a 109 million dollar rise. The Central Bank of Egypt on behalf of the Egyptian government, paid about US$7.154 billion by the end of the second quarter of 2022/2023, representing installments and interests for outstanding debts.
The CBE’s statistical bulletin showed that the debt burden service was divided into paid installments of $5.843 billion, and paid interest of $1.311 billion.
From July to December 2022 the value of paid interest and installments amounted to $11.9 billion, divided into $4.784 billion during the first quarter and $7.154 billion during the second quarter.