Iraq plans to finance its balance of payments deficit by drawing its foreign exchange reserves down to $43 billion in 2016 from $59 billion at the end of October, it said in an International Monetary Fund memo on Tuesday.
The Saudi Arabian government may resume issuing bonds this year, easing downward pressure on the country's foreign reserves caused by low oil prices, a senior International Monetary Fund official said after talks with Saudi officials.
Egypt's foreign reserves rose to $16.909 billion at the end of October from $16.872 billion the previous month, the central bank said on Thursday.
Foreign reserves fell sharply after the 2011 uprising that ousted President Hos
Lebanon is planning a $1 billion economic stimulus package for 2015 to maintain growth and support an economy which has been hit by a three-year conflict in neighbouring Syria, the central bank governor said.
Riad Salameh said he
Egypt's foreign reserves rose to $16.736 billion at the end of July from $16.687 billion in June, the central bank said on Thursday.
Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but rose last
Egypt foreign reserves edged down to $15.015 billion at end of December from $15.036 billion at the end of November despite a currency crisis, the central bank said on Sunday.
The central bank implemented a new regime for buying a
Egypt's central bank introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which it said had reached a critical level.
Political turmoil over the last month has prompted a rush by
Egypt's foreign reserves fell by $84 million in September but held above $15 billion for a third straight month after foreign donors began fulfilling promises of aid to the country's troubled economy.
Net international res
Egypt's foreign reserves rose slightly last month, central bank data showed on Sunday, their first gain since a popular uprising unseated the country's autocratic leader and sent the economy into a tailspin.
The central bank has spent heav