URGENT

Egypt’s net foreign reserves increase to $35.1 bln in October – c.bank data

Egypt’s net foreign reserves increased to $35.101.8 billion at the end of October from $34.970 billion at the end of September, a central bank data showed on Sunday.

Foreign currencies in the country’s foreign reserves consist of the U.S. dollar, euro, Australian dollar, Japanese yen, and the Chinese yuan. The provision of foreign exchange, as well as gold and various international currencies, is aimed at paying for imports, repaying foreign debts, and coping with any economic crises in exceptional circumstances.

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