Cairo - Mubasher: The data of the Central Bank of Egypt (CBE) showed that the country’s net international reserves reached $31.125 billion by the end of May 2017, increasing by $2.485 billion from its level in April.

Egypt’s foreign exchange reserves reached $28.649 billion in April compared to $28.526 billion in March, according to the data of the CBE.

Egypt received $3 billion from the sale of Eurobonds in May, according to the Ministry of Finance (MoF).

The Egyptian minister of finance told Mubasher in January that his ministry is considering using all funds collected from international bonds to support the country’s foreign exchange reserve instead of directing it to the general budget deficit.