Egypt’s gold reserves hit $10.644b in Dec – CBE

Egypt’s gold reserves, an important component of its international reserves, totaled $10.644 billion in December, a slight decrease from $10.777 billion in November, according to the latest data from the Central Bank of Egypt (CBE).

In contrast, the value of foreign currencies within the reserves experienced a modest increase, reaching $36.436 billion in December, compared to $36.140 billion in November. This represents a monthly growth of approximately 0.82 per cent.

Despite the decrease in gold reserves, Egypt’s overall net foreign exchange reserves rose to $47.109 billion by the end of December, up from $46.952 billion at the end of November, reflecting a modest growth of 0.33 per cent.

Attribution: Amwal Al Ghad English