Egypt’s FX reserves rise to $49.251b in August

Egypt’s net foreign exchange reserves rose to $49.251 billion at the end of August from $49.036 billion in July, provisional data from the central bank showed on Sunday.

The $215 million increase represents a 0.44 per cent rise from the previous month, underscoring improved external liquidity and growing investor confidence.

Attribution: Amwal Al Ghad English

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