By: Ahmed Allam

Cairo - Mubasher: The governor of the Central Bank of Egypt (CBE) said that Egypt has obtained $8.95 billion during July 2017.

Tarek Amer told Mubasher that US dollars inflows amounted to $7.7 billion, alongside the International Monetary Fund’s (IMF) loan.

The IMF executive council approved last month the second tranche of $1.25 billion, as part of its loan to Egypt.

In November 2016, Egypt agreed a three-year $12 billion finance deal with the IMF.

The data of the CBE showed an increase in net international reserves by $4.731 billion during July.

The CBE said that foreign exchange reserves reached $36.036 by the end of July 2017, compared to $31.305 billion, reaching its highest level since December 2010.