Egypt’s gold reserves hike to $7,078bn in November – c.bank

Egypt’s gold reserves, a major component of foreign cash reserves, increased to $7,078 billion at the end of November from $6,612 billion at the end of October, the central bank said on Wednesday.

The value of foreign currencies listed in the country’s foreign reserves recorded $26.444 at the end of November from $26,55 billion at the end of October 2021.

Egypt’s net foreign reserves rose to $33.523 billion at the end of November from $33.411 billion at the end of October.

Foreign currencies in Egypt’s foreign reserves consist of the U.S. dollar, euro, Australian dollar, Japanese yen, and Chinese yuan.