Cabinet: Increasing exports, investments led to high Egyptian pound rating in 2019

The Cabinet’s media center said the promotion and increase of exports and investments have prompted media giant Bloomberg to rate the Egyptian pound as the second best performing currency in 2019.

The center published on Saturday an infographic on its Facebook page about the improvement of the Egyptian pound.

The center detailed that the Bloomberg report issued one week ago on currencies performance highlighted the remarkable improvement of the Egyptian currency, which was the second worst performing currency in 2015.

The center also shed light on the rise of the country’s net international reserves from $20.01 billion in June 2015 to $44.4 billion in the same period of 2019, contributing to improving the performance of the Egyptian pound.

Source: State Information Service Egypt