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
Egypt's foreign reserves will plunge by a third to $15 billion by the end of January and the budget deficit will grow, possibly leading to a review of sensitive subsidies, an army official said.
Reserves have tumbled since the uprising tha
Egypt's net foreign reserves slipped to $25.71 billion in July but economists said there was a slowdown in the rate of the decline which may now suggest the worst of the capital flight since the uprising to topple Hosni Mubarak was over.
Iran's central bank chief denied reports that the country planned to sell 45 billion euros from its reserves to buy dollars and gold, the Arman newspaper reported on Sunday.
'Such reports are sheer lies and I strongly deny reports