Egypt’s gold reserves surge 3.69% in August – CBE

By Yomna Yasser On Sep 5, 2024

Egypt Central Bank of Egypt's — The Central Bank of Egypt's (CBE) headquarters in the new administrative capital (CBE Photo)

Egypt’s gold reserves, a key component of its international reserves, rose by 3.69 per cent in August, reaching $10.262 billion from $9.883 billion in July, according to Central Bank of Egypt (CBE) data released on Thursday.

The foreign currencies’ value also saw a slight increase, rising 0.03 per cent to $36.317 billion in August compared to $36.306 billion in July.

Overall, Egypt’s net foreign reserves grew to $46.597 billion in August from $46.489 billion in July.

Attribution: CBE

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