Mubasher: Egypt’s foreign reserves grew by $37 million at the end of January 2020, according to data released on Thursday by the Central Bank of Egypt (CBE). 

The North African country’s international reserves went up to $45.456 billion in January, compared to $45.419 billion in December 2019.

In October, the CBE agreed to extend the maturity of Saudi deposits, on the sidelines of the International Monetary Fund meetings in Washington DC.

Egypt received five deposits from Saudi Arabia worth $8 billion between May 2012 and June 2017, a $5.2 billion repayment was scheduled for last October.