Egypt's foreign reserves surged to $37.109 billion at the end of December from $36.723 billion a month earlier, the central bank announced on Wednesday. Egypt's foreign reserves have been climbing since the country reached a $12 billion, three-year loan programme with the International Monetary Fund loan in 2016 in a bid to lure back foreign investors and revive its ailing economy. The country's foreign reserves at the end of December 2016 were $24.265 billion. The values of Egypt's foreign reserves held by the Central Bank of Egypt during 2017: Month Value (US$ Bln) December 2017 37.019 November 2017 36.723 October 2017 36.703 September 2017 36.535 August 2017 36.143 July 2017 36.036 June 2017 31.305 May 2017 31.126 April 2017 28.641 March 2017 28.526 February 2017 26.542 January 2017 26.363 December 2016 24.265 November 2016 23.058
