Egypt’s net foreign reserves increased to $57.5 billion in October, up from $57.348 billion in September, according to data released by the Central Bank of Egypt on Thursday.
The latest figures represent an increase of approximately $152 million, reflecting a further improvement in the country's foreign reserve position.
Foreign reserves are an important indicator of Egypt’s external financial strength, helping the country meet international payment obligations, support imports and maintain confidence in its economy.
Source: Reuters
Reporting: Tala Ramadan
Editing: Louise Heavens




