Egypt s foreign reserves climbed to $44.030 billion at the end of April, up from $42.611 billion at the end of March, Egypt s central bank said on Thursday.
In late 2016, Egypt started an economic reform programme including floating the local currency, fuel and energy subsidy cuts and tax increases.
The reforms are encouraged by a $12 billion loan from the International Monetary Fund, which has helped reserves climb steadily ever since.
Last summer, the country s foreign reserves reached $36.04 billion, their highest level since the 2011 popular uprising heavily decreased foreign currency in Egypt.
