Egyptian Central Bank: Net Foreign Reserves Rise to $57.35 Billion - Sarmad
The Egyptian Central Bank announced that net foreign reserves rose to $57.35 billion in September.
Translated by Qiyas from سرمد — Original source
The Central Bank of Egypt announced on Wednesday that the country’s net foreign exchange reserves rose to $57.35 billion at the end of September, compared with $57.21 billion in August.
In a press release, the central bank clarified that net international reserves increased by approximately $136 million, reflecting a monthly growth of about 0.24 percent in September, thereby maintaining levels above the $57 billion threshold.
International reserves are among the key indicators supporting macroeconomic stability, as they enhance the country’s capacity to meet its external obligations, ensure the availability of strategic goods in the domestic market, support stability in the foreign exchange market, and bolster investor confidence.
