Egypt’s gold reserves hit $16.843 bln in October – CBE

Egypt’s gold reserves fell 3.51 per cent month on month to $16.843 billion at the end of October, from $17.456 billion in September, provisional Central Bank of Egypt (CBE) data showed on Thursday.

Gold holdings declined by $613 million from the previous month, the data showed.

Egypt’s net international reserves, however, rose 0.27 per cent to a record $57.500 billion at the end of October, from $57.348 billion a month earlier.