Cairo – Mubasher: Egypt’s gold reserves declined by $30 million or 1.1% month-on-month in December 2017, according to data by the Central Bank of Egypt (CBE) on Wednesday.

The value of the precious metal stood at $2.67 billion at the end of December, compared to $2.7 billion in November.

Meanwhile, the North African country’s special drawing right (SDR) of the International Monetary fund (IMF) surged to $749 million.

Furthermore, foreign-currency reserves reached $33.57 billion in November 2017, compared to $33.24 billion in the same period a year earlier, the CBE highlighted.

The CBE last announced that Egypt’s foreign reserves rose to $37.019 billion at the end of December from $36.723 billion in November.