The Central Bank of Egypt (CBE) on Monday said that its foreign reserves increased by four billion dollars to hit 23.05 billion by the end of November, compared to 19.04 billion dollars in October, with an increase of 21 percent.

Speaking to MENA, bankers attributed the November rise to receiving $2.75 billion as the first tranche of the $12-billion loan from the International Monetary Fund (IMF), along with $2-billion international bonds.