Egypt net int’l reserve increases again in January to $47.26 bln: CBE

The NIR includes external assets held outside Egypt for precautionary and transactional purposes.

It provides insurance for the country to meet obligations and cushions against external shocks.

Moreover, the NIR supports a wide range of objectives internally.

It promotes and maintains confidence in monetary policies and exchange rate management, limits external vulnerability by maintaining foreign currency liquidity to absorb shocks during crises, and provides markets with confidence that a country can meet its external obligations.