Egypt’s net FX reserves hit record $57.500 bln at end-October: CBE

Egypt’s net foreign exchange reserves rose to a record approximately $57.500 billion at the end of October, up from $57.348 billion a month earlier, according to provisional Central Bank of Egypt (CBE) data released on Thursday.

Net reserves increased by $152 million, or 0.27 per cent month on month, extending gains in the country’s foreign currency holdings.

Leave a comment